Q.
What is the expansion of EMI? How to calculate the EMI?
Tags:
emi,
expansion of emi
Asked by naya,
25 May '07 10:10 am
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Answers (3)
1.
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2.
It is Estimated Monthly Installment Or You Can say Equated Monthly Installment
Answered by montu vaidya, 25 May '07 10:15 am
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3.
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
Answered by Rucha Kulkarni, 23 Apr '08 09:05 pm
l = loan amount
r = rate of interest
n = term of the loan
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