Vehicle Loan EMI Calculator Script || fha down payment amount || stafford loan amounts || calculating va entitlement || first home buyers deposit amount

# Vehicle Loan EMI Calculator # Define loan amount, interest rate, and loan tenure (in months) loan_amount = 1000000 interest_rate = 8.5 loan_tenure = 60 # Calculate monthly interest rate and number of EMI payments monthly_interest_rate = interest_rate / (12 * 100) num_emis = loan_tenure # Calculate EMI using formula emi = (loan_amount * monthly_interest_rate * ((1 + monthly_interest_rate) ** num_emis)) / (((1 + monthly_interest_rate) ** num_emis) - 1) # Round off EMI to two decimal places emi = round(emi, 2) # Print EMI print("Your Vehicle Loan EMI is:", emi) In this script, you can modify the loan_amount, interest_rate, and loan_tenure variables to calculate the EMI for your specific vehicle loan. The script uses the formula for calculating EMI, which takes into account the loan amount, interest rate, and loan tenure. The output will be the monthly EMI you need to pay for the given loan parameters.