calculates EMI and makes interest and principal chart for the entire
tenure of the loan.
The EMI (Equated Monthly Installment) is fixed for the tenure of a
loan. It has two components: principal and interest. In the beginning the
interest component is higher which decreases with time. The principal
component increases with time.
The EMI depends on the loan amount, the interest
rate, the tenure of the loan, and the reducing balance
frequency of the loan.