How To Calculate EMI For Business Loan?

24/12/2019 Financial & Legal Services

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Description

A Business Loan EMI calculator helps you get an estimation regarding the monthly EMIs. You can utilize the financial calculator to calculate your EMI. The mathematical formula to figure EMI will be: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan sum, r= interest rate, n=tenure in number of months.

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