Calculating your periodic Equated Monthly Installment (EMI) can be a breeze with the power of Excel. A handy formula lets you discover this crucial figure, saving you time and strain. First, you'll need to provide the loan amount, interest rate, and loan term into separate cells. Next, use the PMT function, which stands for "Payment," in a formul
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Calculate EMI in Excel: A Step-by-Step Guide
Want to easily figure out your monthly loan payments? Excel can help you with that! Follow these straightforward phases to compute your EMI in just a few clicks. Start with entering the loan amount, interest rate, and duration into separate cells. Next, use the PMT function to calculate your EMI. The formula will look like this: =PMT(interest_rat