Calculating loan installments can be simple using Microsoft Excel. A handy equation allows you to swiftly determine your regular EMI amount. This method is particularly valuable for loan planning and expense management. The basic formula for calculating EMI in Excel is: =PMT(rate, nper, pv). Where rate : The interes… Read More

Want to easily determine your monthly loan payments? Excel can help you with that! Follow these straightforward steps to discover your EMI in just a few clicks. First entering the loan amount, interest rate, and loan term into separate cells. Next, use the PMT function to calculate your EMI. The formula will look like this… Read More