English, asked by Snehauhangel, 1 year ago

I need help on full form of emi
Also provide some brief description

Answers

Answered by neerjabinu

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.

Answered by sonali25

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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