EMI calculator program in Java

In this post, I am going to write a Simple Java program to Calculate EMI

This program takes the principal amount, interest rate, and loan tenure (in months) as input and calculates the EMI (Equated Monthly Installment) using the compound interest formula. I am going to use the Scanner class to take input from the user and DecimalFormat class to format the output.

Here is the complete Java program to calculate EMI:


Read the inline comments to understand each and every line of the above program.

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