How to seperate interest and principal portion from EMI/EAI.
Through, PVAF and PV formula, we can find out EAI/EMI,
How can we split principal portion and interest portion from this EAI and EMI
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Sfm: interest and principal from emi/eai
Replies (1)
Loan Amt. = Rs.10,00,000 Time = 3 yr ROI = 10%
EAI * PVAF(10%, 3) = 10,00,000
EAI * 2.48685 = 10,00,000
EAI = 4,02,115
| Year | Principal O/S Beg. | Interest @ 10% | EAI | Principal Paid |
| 1 | 10,00,000 | 1,00,000 | 4,02,115 | 3,02,115 |
| 2 | 6,97,885 | 69,788.50 | 4,02,115 | 3,32,326.50 |
| 3 | 3,65,558.50 | 36,556.50 | 4,02,115 | 3,65,558.50 |
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