Emi

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Accounts officer
40 Points Posted on 14 December 2011

How we calculate EMI amount from Loan....?

 

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On 14 December 2011 at 16:39 Report
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EMI = principal (installment) + interest (installment)

principal (installment) = Total Principal Amt/no.of yrs

interest (installments)= o/s Bal*rate of interest

Thnx

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On 14 December 2011 at 17:37

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