How do you Calculate EMI on the basis on reducing rate of interest?Read more......?

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How do you Calculate EMI on the basis on reducing rate of interest?Read more......?

I need Rs 3,70,000/- and the rate of interest is 9 % p.a reducing monthly. total EMI 120. Please help me calculate the EMI

2006-09-14 01:06:08 · 3 answers · asked by shailendra 2 in Business & Finance ➔ Credit

3 answers

http://www.hdfc.com/Calculator/emiCal.asp try here

2006-09-14 01:09:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋

All most all the bank sites have an EMI calculator. there u can put the figures and calculate. The Maruthi site also have one.

2006-09-14 06:01:46 · answer #2 · answered by satheesh 4 · 0⤊ 0⤋

Open MS Excel and type this formula =PMT((activity/one hundred)/12, no of months, -mortgage quantity) occasion: mortgage - 50,000/- activity - 12% p.a ; length : 5 years =PMT(0.12/12, 60, -50,000)

2016-12-12 08:13:36 · answer #3 · answered by ? 4 · 0⤊ 0⤋