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Video instructions and help with filling out and completing Will Form 944 Pr Installment

Instructions and Help about Will Form 944 Pr Installment

Good morning friends welcome to the session are discussing the concept of installment before our listening this session I expect from your sight to hear the session of simple interest and compound interest because installment is in part of the simple interest and compound interest right now in today's session we are going to start with a concept of installment for understanding the concept of is Talmud two things we have to understand the first thing is concept of face value sorry concept of future value and present value future value and present value right in general sense present value is same as to principal and future value is same as to amount in general sense we can say the present value is same as to feature and the present value is same as to principal and future value is same as to amount for example if a person has to pay rupees 10,000 after 3 years a person has taken a loan and he has to pay rupees 10000 after 3 years if he wants to pay today if he wants to pay today that simply means the money paid by the person today must be less than 10000 because that 10000 is due after 3 years that is the future value of the money and he pays the money today so we have to find the present value of the money it depends on the rate of interest and is prevalent in the market right and further or whether the rate of interest is taken on simple internal component does everything we have to take care of it in the topic of installment we just compare the future values of the installments for example a majesty a loan of rupees 10,000 and that has to be paid after...

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