Calculate the EMI of Your Education Loan & Amount Payable

added article Finance

2021-10-17 09:50:49 - Translate

How to calculate education loan EMIs? The formula for EMI calculation is [P x R x (1+R) ^ n] / [(1+R) ^ n-1]. Using this mathematical formula, one can find the monthly instalment amount. However, manual calculations are often fraught with mistakes, which can affect the final decision to calculate EMI for an education loan. Thus, resorting to an online education loan calculator for this...

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