Paying attention to a question of interest.

The formula for EMI (equated monthly instalment) relating to a home loan or a car loan is something that claims our attention these days. Suppose you take on loan an amount P0 (the principal) for a period of N months at a yearly interest rate R……

Here are the relevant formulas that you may need some day

29. July 2012 by Avijit Lahiri
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