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EMI calculation using Excel

August 12, 2010

I mentioned the formula used to calculate an EMI, but putting values in the formula and calculating it is a cumbersome task. So I did some research in Microsoft Excel and found out that it can done quite easily in excel.
EMI calculation in Excel
Step 1: Open the excel sheet and locate the fx button

Step 2: In the pop-up menu, click on Financial Catergory

Step 3: In the Function Name click ‘PMT’

Step 4: A box will appear as shown, fill in the values mentioned and you get the EMI.

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