Equated Monthly Installment,EMI,Amortization of loans

Formula

Equated Monthly Installment,EMI,Amortization of loans formula,equation,calculator
Pprincipal amount borrowed
Aperiodic payment
rperiodic interest rate
ntotal number of payments

Calculator(how to use calculator?)

Equated Monthly Installment,EMI,Amortization of loans formula,equation,calculator
Periodic payment (A)
Periodic interest rate (r)
Total number of payments (n)
Principal amount borrowed (P)
Precision

References

  1. Wikipedia article: Amortization (business).

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