These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...
These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...
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The EMI calculation is based on interest rate input provided by the user and for illustrative purposes only.More The EMI calculator uses the reducing balance method to calculate loan EMI and total ...