EMI...........

This query is : Resolved

kaushal (Querist)
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12 June 2008 ...how to calculates EMI
GIve logical answer with reason

please dont show excel formulae or any other formulae

Chintan Gajjar

Chintan Gajjar (Expert)
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24 June 2008 Dear friend,

EMI is nothing but equal monthly value (Principal + Interest) Sometimes Monthly Installment is excluding Interest hence Principal will be same and Interest will be added. In EMI firstly portion of Principal amt. would be lower and Interest would be higher but in the next EMI Principal will increase & Interest will decrease.

Regards,
Chintan

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