gccbusinessfinance
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 29 Jan 2015
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I think, Better to pay continue amount of the loan, If not, do so then it may create a problem in the view of interest if they exceed the period of 25 years or at any time.
sale and lease back
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Thu Jan 29, 2015 6:32 am |
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Bradford
Member
Cash: $ 3.25
Posts: 15
Joined: 23 Feb 2015
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What is the formula to calculate EMI on loan amount?
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Tue Feb 24, 2015 9:12 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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EMI = V i / (1-(1- i)^(-N)) where V= value borrowed, i = interest, N = number of periods.
It's a cumbersome solution, a mathematical series. It's much easier to use a web-calculator. http://emicalculator.net/
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Thu Feb 26, 2015 12:25 am |
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