What is actually Home loan EMI And exactly how Can it be Calculated?
What is actually Home loan EMI And exactly how Can it be Calculated? A Financial EMI (Equated Monthly Installment) is a fixed monthly payment comprising principal amount and interest, repaying a housing loan. The formula for EMI is: EMI = [P * r * (1 + r)^n] / [(1 + r)^n 1], where P is …
What is actually Home loan EMI And exactly how Can it be Calculated? Read More »