** A Simple EMI Calculator Formula and Program Creation: An Overview

An Equated Monthly Installment (EMI) calculator helps individuals estimate their monthly loan installments. The formula for calculating EMI is given as EMI = [P x R x (1 + R)^N] / [(1 + R)^N - 1], where P represents the principal amount, R denotes the monthly interest rate, and N signifies the loan tenure in months.

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Source: https://dev.to/lakshmi_prithanadesan_32/write-a-program-to-emi-calculator-317f