How to calculate Equated Monthly instalments?

  • Thread starter Thread starter Guest
  • Start date Start date
G

Guest

For a given loan amount with fixed repayment period and fixed rate of
interest, how do I calculate equated monthly instalments in excel?
 
A1 = loan amount
A2 = years
A3 = rate
formula for EMI for annual reducing basis =PMT(A3,A2,A1)/12
formula for EMI for daily reducing basis
=PMT((1+A3)^(1/12)-1,A2*12,A1)

- Manges
 
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