[Free] EMI Calculator extension

Description

EMI or equated monthly installment, as the name suggests, is one part of the equally divided monthly outgoes to clear off an outstanding loan within a stipulated time frame.
The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months. … The higher the loan amount or interest rate, the higher is the EMI payments and vice versa.

Picture of all the blocks

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Download link

com.AK_Tech.EMICalculator.aix (6.0 KB)

4 Likes

Very helpful extension. Thanks

1 Like

really thanks @Rizu

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Welcome! :grinning:

1 Like