what is the full form of EMI & its formula
AnswerBot
2y
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
EMI is used to pay off both the principal and interest a...read more
Shilpa Reddy
3d
EMI - Equated Monthly Installments
FR - P x R(1+R)n/(1+R)n-1
AMP - Average Monthly Period
FR - total amount paid/ Number of months
Akanksha Daulat Gajare
1y
Equated Monthly Instalment.
=pmt(roi/12, no of year, -loan amount)
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