Mathematics behind EMI Formula - What is the logic behind EMI formula?

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Mathematical derivation for EMI calculation formula Mathematical derivation for EMI calculation formula
Find EMI using reducing balance method | Annuity |Statistics Find EMI using reducing balance method | Annuity |Statistics
Do you know what is the mathematical formula behind EMI? Do you know what is the mathematical formula behind EMI?
EMI formula EMI formula
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EMI (Equated Monthly Installment) calculation using "Reducing Balance Method" EMI (Equated Monthly Installment) calculation using "Reducing Balance Method"
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EQUATED MONTHLY INSTALLMENT (EMI)||JAIIB\DBF||in Tamil EQUATED MONTHLY INSTALLMENT (EMI)||JAIIB\DBF||in Tamil