Answers

2016-04-11T16:34:36+05:30
EMI - Equated Monthly Installment.It specifies the number of months you have to pay the sum of "interest and principal" each month, so that the loan is paid off completely.


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2016-04-11T16:49:27+05:30
Equated monthly installment (EMI) an equated monthly installment is defined as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month
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