What is EMI stand for?

"Mangesh Yadav" wrote:

what is the EMI you are paying...?

- Mangesh



"Safu" wrote in message
...
Please if anybody can help me how to calculate back the APR rate to Actual
Interest Rate.
Loan = 10K @ 96 mth = 13.1210%
So 13.1210% = 7.75% (Actual Interest Rate)

Any formula that can help me?