Most consumer loans these days are EMI (equated monthly instalment) based. This means that the principal repayments + interest repayments are adjusted in such a manner that the total repayment every month is the same. An excel formula can help you quickly estimate the EMI of a loan.Lets say Principal = 500,000 Interest rate = [...]
Posts Tagged ‘IPMT’
Financial Functions
Posted in Uncategorized, tagged IPMT, PMT, PPMT on July 11, 2008 | Leave a Comment »
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