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9:03
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Ameen Academy
Business Mathematics : - ( Equated Monthly Installment (EMI) - 64. #emi #businessmathematics
An equated monthly installment (EMI) is a fixed payment made by a borrower to a lender on a specified date of each month. EMIs are applied to both interest and principal each month so that over a specified period, the loan is paid off in full.
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