EMI...........
This query is : Resolved
12 June 2008
...how to calculates EMI
GIve logical answer with reason
please dont show excel formulae or any other formulae
GIve logical answer with reason
please dont show excel formulae or any other formulae
Chintan Gajjar
(Expert)
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
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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