English, asked by swativishwasrao01, 2 months ago

write a short on EMI fy math​

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Answered by preetitarale05
0

Answer:

An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

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