Helping banks in the... • 1y
Time value of money comes into play here. Home loans are longer term 10, 20 year commitments. At the end of the term will you be paying out the money in lumpsum and at what interest rate? You would have collected at a lower interest rate and returning it without accounting for inflation. Would be interesting to see the formula you derive for this payback at end of term.
Hey I am on Medial • 7m
We will borrow money from our relatives, around 50,000. Since they are our relatives, they will lend us the money without any interest. Then, we will lend this money further to someone else at interest. The interest we earn will be our profit, and we
See MoreChasing for infinity • 1y
Hi what are your thoughts on Compound interest Let's say if I invest 10000 Rs every month for 40 years at an annual interest of 8% then after 40 years My invested amount = 48 lacs Money I will get = 3.51 cr But will it really be worthy with an a
See MoreSemi qualified CMA (... • 3m
Hey founder👋 Ever wondered how much your money can grow over time? Let me break down the concept of Future Value (FV) What’s FV? It’s the value of money at a future date, considering interest or growth over time. Think of it as how ₹1 today can turn
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