		EQUATED MONTHLY INSTALMENTS
			***********

This is a simple programme to calculate the equated monthly instalments (The loan instalment will be constant throughout the repayment period of a loan) under varying conditions. 

The different conditions include

1) Option to calculate EMI with simple/compound interest.

2) Option to specify the periodicity of interest application like,
   Monthly, Bimonthly, Quarterly etc. Eventhough the help field    displays some commom options, periodicity can be specified at any
   odd figure like once in 11 months, once in 24 months etc.

3) There is also provision for specifying the initial moratorium period    or repayment holiday for the loan repayment.

The programme is developed keping view of normal procedure adopted by nationalised banks for interest application on "Reduced Daily Balance" method. 

This programme should not be used for calculating EMI for loans where flat interest is applied.

For the purpose of simplicity, I have removed some formating and error checking code from the source file provided with the programme. Both these files do not have any functional difference. Those who desire to have the full source code, please feel free to mail to me.

Baiju K C
Samgamam
Vadakevila,
Balaramapuram P O
Kerala - 695501.

Email : ktm_baiju@sancharnet.in