how to find principal amount and interest in EMI's ffor any loan amount?

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how to find principal amount and interest in EMI's ffor any loan amount?

2007-02-18 04:10:11 · 2 answers · asked by dharmendraa k 1 in Business & Finance ➔ Credit

2 answers

http://www.mortgage-calc.com/mortgage/simple.php

just put in the numbers you wish - and it calculates the amounts for your information and use.
www.mortgage-calc.com - also has the complicated versions.

Very easy to use.

GOD bless us always.

2007-02-18 04:16:00 · answer #1 · answered by May I help You? 6 · 0⤊ 0⤋

It would depend on how its compounded. If compounded monthly. 1st Month interest payment $393.75 (Now you have a balance of $35,393.75 2nd Month interest payment $398.18 for a balance of $35,791.93, etc.) You would first need to tell us how the interest is compounded. Also are late fees applied, is the interest rate constant?

2016-03-29 01:20:45 · answer #2 · answered by Amber 4 · 0⤊ 0⤋