Calculating your monthly Equated Monthly Installment (EMI) can be a breeze with the power of Excel. A handy formula lets you discover this crucial figure, preserving you time and strain. First, you'll need to enter the loan amount, interest rate, and loan term into separate cells. Next, use the PMT function, which stands for "Payment," in a formu
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Calculate EMI in Excel: A Step-by-Step Guide
Want to swiftly determine your monthly loan payments? Excel can assist you with that! Follow these straightforward instructions to discover your EMI in just a few clicks. Start with entering the loan amount, interest rate, and duration into separate cells. Then, use the PMT function to find your EMI. The formula will look like this: =PMT(interest