Calculators FAQs
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- Posted:30th January, 2025
- Updated:30th January, 2025
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ULIPs (Unit Linked Insurance Plans) are generally better suited for long term investment typically 10 years or more rather than just 5 years.
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A Unit Linked Insurance Plan (ULIP) is a financial product that combines life insurance with investment.
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https://www.shriramfinance.in/financial-faqs-calculators - 498
The question of whether Unit-Linked Insurance Plans (ULIPs) are better than mutual funds (MFs) is a complex one that depends on individual factors and financial goals.
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https://www.shriramfinance.in/financial-faqs-calculators - 491
Yes, you can use a credit card payoff calculator for different interest rates.
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https://www.shriramfinance.in/financial-faqs-calculators - 487
Inflation affects simple interest calculation by reducing the real value of the interest earned over time. As prices increase due to inflation, the purchasing power of the money earned in interest decreases.
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https://www.shriramfinance.in/financial-faqs-calculators - 484
A simple interest calculator is designed for fixed rates and straightforward calculations, it is not suitable for variable interest rates due to the following reasons
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https://www.shriramfinance.in/financial-faqs-calculators - 494
Yes, a credit card payoff calculator can work for any type of credit card, even multiple ones.
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