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The EMI calculation

Started by oliversmith, Dec 21, 2013, 06:59 PM

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The EMI calculation process made simple with online EMI calculator. EMI calculators' process its calculation depends on loan amount, the rate of interest and the term of the loan. Some mathematical formula to calculate the EMIs for loans
EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12
l = loan amount
r = rate of interest
n = term of the loan