How should one calculate equated monthly installments for a loan? How does one minimize the EMI amount? - Quora
![SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R](http://theo.x10hosting.com/2021/041301.jpg)
SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R
![Which Interest Rate is considered while Calculating EMI: Simple Interest or Compound Interest? - PaySense Blog Which Interest Rate is considered while Calculating EMI: Simple Interest or Compound Interest? - PaySense Blog](https://www.gopaysense.com/blog/wp-content/uploads/2018/11/Interest-Rate-Formula.jpg)