EMI is calculated using the following formula: EMI = P r (1 + r)n/((1 + r)n 1), where P is the loan amount, R is the interest rate, and N is the tenure in
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EMI = [P x R x (1+R)^N]/[(1+R)^N 1]. So to get a comprehensive understanding of these variables, let's discuss them in detail: R represents '
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