Calculating your monthly Equated Monthly Installment (EMI) can be a breeze with excel formula for emi the power of Excel. A handy formula lets you ascertain this crucial figure, conserving you time and effort. First, you'll need to input the loan amount, interest rate, and loan term into separate cells. Next, use the PMT function, which stands fo
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Calculate EMI in Excel: A Step-by-Step Guide
Want to quickly determine your monthly loan payments? Excel can assist you with that! Follow these straightforward phases to compute your EMI in just a few clicks. First entering the loan amount, interest rate, and period into separate cells. Next, use the PMT function to find your EMI. The formula will look like this: =PMT(interest_rate, number_