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Regular equal payments to repay loan with compound interest
P=x⋅[1−(1+i)−n]iP = x \cdot \frac{[1 - (1 + i)^{-n}]}{i}P=x⋅i[1−(1+i)−n]
x=P×i[1−(1+i)−n]x = \frac{P \times i}{[1 - (1 + i)^{-n}]}x=[1−(1+i)−n]P×i
Present value of the annuity
Regular payment amount
Interest rate per period
Number of payment periods
Benchmark rate banks use when lending to public
8.5% per annum
Present value of remaining payments
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