Wisconsin Tax Rate Calculator

EMI Calculator

A standard EMI (Equated Monthly Installment) calculator helps you determine the fixed monthly payment you'll need to make to repay a loan over a specific period. It takes into account the principal loan amount, the annual interest rate, and the loan tenure. Understanding your EMI is crucial for budgeting and financial planning, allowing you to assess affordability and the total cost of borrowing.

function calculateEMI() { var principal = parseFloat(document.getElementById("principal").value); var annualRate = parseFloat(document.getElementById("annualRate").value); var tenureMonths = parseFloat(document.getElementById("tenureMonths").value); var resultDiv = document.getElementById("result"); resultDiv.innerHTML = ""; // Clear previous results if (isNaN(principal) || principal <= 0) { resultDiv.innerHTML = "Please enter a valid loan amount."; return; } if (isNaN(annualRate) || annualRate <= 0) { resultDiv.innerHTML = "Please enter a valid annual interest rate."; return; } if (isNaN(tenureMonths) || tenureMonths <= 0) { resultDiv.innerHTML = "Please enter a valid loan tenure in months."; return; } var monthlyRate = annualRate / (12 * 100); var emi = (principal * monthlyRate * Math.pow(1 + monthlyRate, tenureMonths)) / (Math.pow(1 + monthlyRate, tenureMonths) – 1); // Handle cases where tenure is very short or rate is very high leading to potential division by zero or infinity if (!isFinite(emi)) { resultDiv.innerHTML = "Calculation resulted in an invalid number. Please check your inputs."; return; } var totalPayment = emi * tenureMonths; var totalInterest = totalPayment – principal; resultDiv.innerHTML = "
" + "Your Monthly EMI: " + "₹ " + emi.toFixed(2) + "" + "
" + "
" + "Total Interest Payable: " + "₹ " + totalInterest.toFixed(2) + "" + "
" + "
" + "Total Payment (Principal + Interest): " + "₹ " + totalPayment.toFixed(2) + "" + "
"; } .calculator-container { font-family: Arial, sans-serif; border: 1px solid #ddd; padding: 20px; border-radius: 8px; max-width: 500px; margin: 20px auto; background-color: #f9f9f9; } .calculator-title { text-align: center; color: #333; margin-bottom: 15px; } .calculator-description { color: #555; line-height: 1.6; margin-bottom: 25px; font-size: 0.95em; } .calculator-inputs { display: flex; flex-direction: column; gap: 15px; } .input-group { display: flex; flex-direction: column; } .input-group label { margin-bottom: 5px; font-weight: bold; color: #444; } .input-group input { padding: 10px; border: 1px solid #ccc; border-radius: 4px; font-size: 1em; } .calculator-inputs button { background-color: #007bff; color: white; padding: 12px 20px; border: none; border-radius: 4px; cursor: pointer; font-size: 1.1em; margin-top: 10px; transition: background-color 0.3s ease; } .calculator-inputs button:hover { background-color: #0056b3; } .calculator-result { margin-top: 25px; padding: 15px; border-top: 1px solid #eee; background-color: #fff; border-radius: 4px; } .result-item { margin-bottom: 10px; font-size: 1.1em; color: #333; } .result-item .label { font-weight: bold; color: #555; } .result-item .value { color: #007bff; font-weight: bold; } .error { color: red; font-weight: bold; }

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