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Formulae (3)

PV = P\frac{1 - (1+r)^{-n}}{r}

Present value of a series of equal payments.

EMI = \frac{P r (1+r)^n}{(1+r)^n - 1}

Equated monthly installment on a loan.

M = P\frac{r(1+r)^n}{(1+r)^n - 1}

Fixed monthly payment for an amortizing loan.