Although many people have wondered what are the most spoken languages in the world in 2022 , it is common for speculations and false beliefs to come to mind faster than deciding to do a quick...
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Equated monthly installment (EMI)
An Equivalent Monthly Installment (EMI) is defined by Investopedia as “A fixed amount of payment made by a borrower to a lender on a specified date each calendar month. Equivalent monthly installments are used to repay both interest and principal each months,...
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What is Interest rate
An interest rate is the amount of interest due per period, in proportion to the amount lent, deposited, or borrowed (called the principal sum ). The total interest on an amount loaned or borrowed depends on the principal sum, the interest...
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