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2. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

3. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

4. Amortizing loan - Wikipedia

   en.wikipedia.org/wiki/Amortizing_loan

   In EMI or Equated Monthly Installments, payments are divided into equal amounts for the duration of the loan, making it the simplest repayment model. [1] A greater amount of the payment is applied to interest at the beginning of the amortization schedule, while more money is applied to principal at the end. This is captured by the formula

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The amount of the monthly payment at the end of month N that is applied to principal paydown equals the amount c of payment minus the amount of interest currently paid on the pre-existing unpaid principal. The latter amount, the interest component of the current payment, is the interest rate r times the amount unpaid at the end of month N–1 ...

6. Bullet loan - Wikipedia

   en.wikipedia.org/wiki/Bullet_loan

   This arrangement is convenient to individuals who are expecting a huge cash flow in the form of bonuses or fixed returns in some months. It lowers the borrower's monthly financial burden. It is also sometimes known as EMI Free Loan. [3] The payment that is due at the end of the loan is referred to as the bullet payment or balloon payment.

7. Financial calculator - Wikipedia

   en.wikipedia.org/wiki/Financial_calculator

   A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.).