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14 Other formulas that you can solve using the same Inputs

Certificate of Deposit
Certificate of Deposit=Initial Deposit Amount *(1+(Annual Nominal Interest Rate /Compounding Periods))^(Compounding Periods*Number of Years ) GO
Monthly Mortgage Payment
Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) GO
Number of Months
Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) GO
Monthly Payment
Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO
Monthly Payment of Car Loan
Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount GO
Nominal Interest Rate
Nominal Interest Rate or Stated Rate=Compounding Periods*((1+Effective Interest Rate)^(1/Compounding Periods)-1) GO
Future Value of a Present Sum when Compounding Periods are given
Future Value=Present Value*(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of a Future Sum when compounding periods are given
Present Value=Future Value/(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of Annuity
Present Value of Annuity=(Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) GO
Annual Percentage Yield
Annual Percentage Yield=(1+(Stated annual interest rate/Compounding Periods))^Compounding Periods-1 GO
Future Value of Annuity
Future Value of Annuity=(Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) GO
Loan Amount
Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) GO
Future Value of a Present Sum when the total number of periods is given
Future Value=Present Value*(1+Interest Rate)^Total Number of Periods GO
Present Value of a Future Sum when total number of periods is given
Present Value=Future Value/(1+Interest Rate)^Total Number of Periods GO

EMI Formula

EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1))
More formulas
Loan Amount GO
Number of Months GO
Monthly Payment GO
Monthly Payment of Car Loan GO

What is EMI?

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 EMI of a loan depends on three factors: 1. Loan amount – This stands for the total amount that has been borrowed by the individual. 2. Interest rate – This stands for the rate at which the interest is charged on the amount borrowed. 3. Tenure of the loan – This stands for the agreed loan repayment time-frame between the borrower and the lender.

How to Calculate EMI?

EMI calculator uses EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) to calculate the EMI, Equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI and is denoted by EMI symbol.

How to calculate EMI using this online calculator? To use this online calculator for EMI, enter Compounding Periods (n), Loan Amount (Loan Amt) and Interest Rate (i) and hit the calculate button. Here is how the EMI calculation can be explained with given input values -> 6000 = 1000*6*((1+6)^10/((1+6)^10-1)).

FAQ

What is EMI?
Equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month and is represented as EMI=Loan Amt*i*((1+i)^n/((1+i)^n-1)) or EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)). Compounding Periods is the number of times compounding will occur during a period, The loan Amount is the original principal on a new loan or principal remaining on an existing loan and Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
How to calculate EMI?
Equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month is calculated using EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)). To calculate EMI, you need Compounding Periods (n), Loan Amount (Loan Amt) and Interest Rate (i). With our tool, you need to enter the respective value for Compounding Periods, Loan Amount and Interest Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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