Next JS Loan Calculator Source Code | EMI Calculator in React and Next JS

Learn how to develop Loan or Monthly EMI Calculator in Next JS.
Built with React hook in Next JS Framework.
Link to download Source code
codingmstr.com...
Github
github.com/ipr...
Formula Used for calculating Monthly EMI Calculator in Next JS, React JS and JavaScript
let p = parseFloat(principal);
let r = parseFloat(interest);
let n = parseFloat(time);
let actualRate = parseFloat(r / 12 / 100);
let calcemi = p * actualRate * (Math.pow(1 + actualRate, n) / (Math.pow(1 + actualRate, n) - 1));
Here calcemi is the Monthly EMI
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Nice Explanation👌👌