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This can be solved using the expression amount*FVIFA(i, n) where i is interest rat e and n is the number of years Future

Value Interest Factor for Annuity (FVIFA) can be calculated using the exp ression {(1+i)n 1}/i There for above calculation can be solved like: 30000*FVIFA (9%, 20Y) = 30000*51.160 = Rs. 1534800

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