Figuring out your regular payments can be a hassle. Luckily, Excel offers an easy way to find your Equated Monthly Installment (EMI) with just a few clicks. This step-by-step guide will walk you through the process, helping you know exactly how much you'll be paying each month. First, you'll need to enter some key information into your Excel spread

Excel offers a remarkably simple way to calculate your Equated Monthly Amount (EMI) for loans. The core formula, `PMT`, effectively handles the complex math involved. To commence, you’ll need three key data points: the loan amount, the interest per year, and the total of installments. For example, `=PMT(interest_rate/12, number_of_periods, loan_a