RGYCSM Skills || EMI Calculation in Excel | Monthly Installment | MS Excel Work Tricks

Описание к видео RGYCSM Skills || EMI Calculation in Excel | Monthly Installment | MS Excel Work Tricks

Calculating EMI (Equated Monthly Installment) in Microsoft Excel involves using a formula to determine the monthly payment amount for a loan.

1. Enter the following details:
Loan amount (Principal)
Interest rate (Annual)
Loan tenure (Number of years)
2. Use the PMT function to calculate EMI:

=PMT(Interest rate/12, Loan tenure*12, Loan amount)

Where:

Interest rate/12 converts the annual rate to a monthly rate
Loan tenure*12 converts the number of years to months
Loan amount is the principal amount borrowed

1. Press Enter to calculate the EMI.

Example:

=PMT(10%/12, 5*12, 100000)

Common uses:

Personal finance planning
Loan calculations
Mortgage payments
Credit card payments

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