Which of the following statements is true?
A. In flat rate method,$\text{EMI}=\frac{\text{Principal}+\text{Interest}}{\text{Number of Payments}}$
B. In reducing balance method,$\text{EMI}=P\times\frac{i}{1-(1+i)^{-n}}$
C. In sinking fund, a fixed amount at regular intervals is deposited.
D. Approximate Yield to Maturity
$\text{YTM}=\frac{\text{Coupon Payment}+\frac{\text{Face Value}-\text{Present Value}}{\text{Number of Payments}}}{\frac{\text{Face Value}+\text{Present Value}}{2}}$
Choose the correct answer from the options given below:
Choose the correct answer from the options given below:
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