Unlock the power of Worksheet formulas to efficiently calculate recurring EMI payments. With a few simple equations, you can figure out your monthly payments with accuracy and ease. Discover the magic of tools like PMT, IPMT, and PPMT to streamline your financial tracking. From understanding payment schedules to charting your progress, Excel provid
Work out EMI in Excel: A Step-by-Step Guide
Want to easily determine your monthly loan payments? Excel can guide you with that! Follow these straightforward steps to find your EMI in just a few clicks. Begin by 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_rate, number_o