Enter the following formula in the formula box. =C5/C6 PressEnterto apply the formula. Take this into a single worksheet where you would like to create the EMI calculator. Create some row headers including EMI, interest, principal and principal remaining. ...
Confirm that both the monthly payment in theLoan Summarysection and the reducing balance chart align. If everything matches, your calculator is working correctly. Go down the reducing balance chart and verify that the payments ended at the 60th transaction, if yes then the calculator gives the e...
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Get the actual values of interest and principal in EMI. The remaining loan amount should be zero, which implies that the calculation is correct. It produces a calculator. The whole table will alter accordingly if you change the loan amount, interest rate, or duration. Set the loan amount to...
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