Formula of Equated Monthly Installment (EMI)

Topic started by Ramadas (@ globalb7.citicorp.com) on Wed Dec 19 18:21:25 .
All times in EST +10:30 for IST.

I searched many websites. They all help me with
output tables which give me the emi etc. None of
them gives me the exact formula or the method of
calculating on a worksheet. Most of them give
examples, some ask for the basic inputs like period of loan in months, principal, rate of interest etc and gives me a lenghthy table. Can somebody explain the exact formula or method of calculating on an excel worksheet?


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