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Loan Amortization Schedule Excel In Rupees In Clark
State:
Multi-State
County:
Clark
Control #:
US-0019LTR
Format:
Word;
Rich Text
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FAQ
It also shows total principal and interest payable along with the amortization schedule. the formula for calculation is: EMI = p x r x (1+r)^n/(1+r)^n-1
EMI = Rs 10,00,000 0.006 (1 + 0.006)120 / ((1 + 0.006)120 – 1) = Rs 11,714. Hence, you will be paying the EMI of Rs 11,714 every month for 10 years. Some lending institutions may show you the break up between the principal amount and interest rates to help you assess your EMI payments.
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