How to Know the Interest Accrued on an LIC Policy
Based in India, the Life Insurance Corporation (LIC) that offers insurance policies to individuals, couples and families worldwide. LIC is partly owned by the Indian government and focuses on providing insurance policies to people living in rural and economically unstable areas. The compound interest that has accrued on your LIC policy can be easily calculated through the universal Accounting Issue Compound Interest Calculator.
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Instructions
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Connect to the Internet, open a web browser and navigate to the Accounting Issue Online Interest Calculator.
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Enter your loan amount in the "Principle Loan" field.
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Enter your interest rate in the "Annual Rate of Interest" field.
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Enter the length of the loan in months in the "Repayment Period" field.
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Click "Calculate." Your total payment, total interest payment and monthly payment will be displayed under "Calculation Results."
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