Hi Friends,
Can anyone tell me how the dimunishing interest is calculated on a loan given by the bank. pls tell me how the interest and EMI is calculated under this method..
thanks in advance..
Mukesh Agarwal (CA student) (1321 Points)
23 November 2007Hi Friends,
Can anyone tell me how the dimunishing interest is calculated on a loan given by the bank. pls tell me how the interest and EMI is calculated under this method..
thanks in advance..
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 24 November 2007
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