Figuring out your monthly payments can be a hassle. Luckily, Excel offers an easy way to calculate your Equated Monthly Installment (EMI) with just a few clicks. This step-by-step guide will walk you through the process, helping you know exactly how much you'll be paying each month. First, you'll need to enter some key information into your Excel s

Excel offers a remarkably simple way to compute your Equated Monthly Amount (EMI) for financing. The core excel formula for emi calculation formula, `PMT`, accurately handles the intricate math involved. To start, you’ll need three key data points: the credit amount, the rate per year, and the total of periods. For example, `=PMT(interest_rate/12