EMI Calculator
How It Works
This EMI calculator uses a standard formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N – 1]
where P = Loan Amount, R = Monthly Interest Rate, and N = Tenure in Months.
This EMI calculator uses a standard formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N – 1]
where P = Loan Amount, R = Monthly Interest Rate, and N = Tenure in Months.
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