Equated Monthly Installment,EMI,Amortization of loans

Formula

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

Calculator(how to use calculator?)

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

References

  1. Wikipedia article: Amortization (business).

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