EMI Calculations

Related BrainMass Solutions

• Amortizing Loan. You take out a 30-year $100,000 mortgage loan with an APR of 6 percent and monthly payments. In 12 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?

  So the principal balance on the loan at the end of 12 years is $79,138.73 Calculations are done by hand, step by step.

• Present Value and EMI Calculations

  493295 Present Value and EMI Calculations a) You earn interest of 10% per year, how much will you have at the end of 20 years? N=20 I=10 Pv=0, fv=?

• Amortization - Early Payoff: Robert - What will the remaining balance be on the loan after he makes the 36th payment?

  First calculate the EMI for the loan.

• Real Estate Loan Calculations

  Equal Monthly Installment = EMI =A*r/(1-1/(1+r)^n) Monthly interest rate = r = 8%/12=0.6667% A = $1000000 n=30*12 =360 months EMI = 1000000*0.6667%/(1-1/(1+0.6667%)^360) = $7337.92 This solution assists in specific real estate loan calculations

• Home Loan Repayment

  EMI = (Loan Amount*r)/(1-1/(1+r)^n) r=6%/12=0.5% per month n=30*12=360 EMI = (100000*0.5%)/(1-1/(1+0.5%)^360) =599.55 This solution calculates month repayments on a loan, given the amount, constant borrowing rate, inflation rate and repayment schedule

• Amortization table

  Calculate the equated monthly installment (EMI) ( u can use the PMT function in excel). The interest amount is the opening principal X monthly interest rate ( yearly rate/12). From the EMI subtract the interest to get the principal repayment.

• Website Evaluation: Audience, Navigation, and Marketing

  List of websites: EMI - http://www.emi.com Sony Music Entertainment - www.sonybmg.com Universal Music Group - www.umusic.com (THIS ONE!)

• Networking

  Most Ethernet clusters do not have a problem with EMI (Electro-Magnetic Interference), but it is something to keep in mind when designing a large system. . In general Ethernet is relatively immune to EMI with short runs.

• Emergency Management Institute

  Emergency Management Institute: EMI History. Retrieved from http://www.training.fema.gov/EMI/. The solution discusses the purpose and proper use of Emergency Management Institute.