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It is usefull to calculate EMI at any rate of interest in how much time you take for EMI def calculate_emi(principal, annual_interest_rate, tenure_years): # Convert annual interest rate to monthly and ...
This program calculates the Equated Monthly Installment (EMI) for a loan based on the principal loan amount, annual interest rate, and loan duration. EMI is the fixed monthly payment a borrower needs ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Julie Bang An equated monthly installment (EMI) is a fixed payment amount ...