These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

In this method, the interest is calculated on the remaining principal amount after deducting each EMI as you pay it. This means the interest component of the EMI decreases as the outstanding ...

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