Edu loan EMI calculation

How to calculate Education loan EMI and understanding interest rates?

Use spreadsheet ā†— to quickly calculate.

Hand calculation

P = 3,00,000 INR

R = 9.0% per annum = 0.75% per month = 0.75/100 points = 0.0075

n = 24 (say, 2 years)

Using spreadsheet

Update Blue cells in the spreadsheet ā†— as shown.

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