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Loan Calculator

Calculate EMI, total interest, and total payment

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

How EMI is Calculated

EMI (Equated Monthly Installment) is calculated using the formula:

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where P = Principal, r = Monthly interest rate, n = Number of months