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If we purchase a cap and pay premium. Outflow is at the beginning which is very similar to interest rate gurantee where the premium is paid in the beginning. There we don’t ADD the int cost on premium outfllpw due to ICAI inconsistency
But in case on int rate cap. If premium is 5,50,000 at the beginning and rate is 4.5% for 6 EPR. We take ammortized cost as 1.066L per year. Why is this so
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