EMI Calculation

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  • Noorain
    New Member
    • Mar 2008
    • 57
    #1

    EMI Calculation

    i used following formula
    Code:
    var amount=100000;
var tenor=12;
		
var intr=parseFloat(18/100);
var x;
var y;
var z;

y = 1/(1+intr*1/12);
x = (Math.pow(y,tenor)-1)/(y-1)*y;
z = amount/x/1;
z= Math.round(z);

document.write(z);
    its result 9168 acoording to 12 months(360 days)

    but i want to result for 365 days.for this days EMI:9183

    kindly tell me how to do this.

    thanks
    Tags: None
    • Dormilich
      Recognized Expert Expert
      • Aug 2008
      • 8694
      #2
      I’m not getting how your formula comes to using 30 days per month.

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