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EMI Calculator Extension #1878

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harshmishra19 opened this issue Jun 23, 2024 · 5 comments
Closed

EMI Calculator Extension #1878

harshmishra19 opened this issue Jun 23, 2024 · 5 comments
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@harshmishra19
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Is your feature request related to a problem? Please describe.
A clear and concise description of what the problem is. Ex. I'm always frustrated when [...]

I'm always frustrated when I try to calculate monthly loan payments manually or using complex formulas. This process is time-consuming, prone to errors, and not user-friendly. A dedicated EMI calculator would simplify this task for users who need to quickly determine their loan repayment schedules.

Describe the solution you'd like
A clear and concise description of what you want to happen.

I would like an EMI calculator that allows users to input the principal loan amount, annual interest rate, and loan tenure (in months or years). The calculator should then compute the monthly EMI, total interest payable, and total payment amount. The results should be displayed in a clear and easy-to-understand format, possibly with a breakdown of payments over time.

Describe alternatives you've considered
A clear and concise description of any alternative solutions or features you've considered.

Spreadsheet Tools: Using tools like Excel or Google Sheets to create custom EMI calculation formulas. While more reliable than manual calculations, this approach still requires some technical knowledge and setup.

Additional context
Add any other context or screenshots about the feature request here.

What problem is this feature trying to solve?

The primary problem is the complexity and potential for error in manually calculating EMIs. Users need a quick, accurate, and user-friendly way to determine their loan repayment schedules, helping them make informed financial decisions.

How do we know when the feature is complete?

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Thank you for creating this issue! 🎉 We'll look into it as soon as possible. In the meantime, please make sure to provide all the necessary details and context. If you have any questions or additional information, feel free to add them here. Your contributions are highly appreciated! 😊

You can also check our CONTRIBUTING.md for guidelines on contributing to this project.

@harshmishra19 harshmishra19 changed the title EMI Calculator EMI Calculator Extension Jun 23, 2024
@Sulagna-Dutta-Roy
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@harshmishra19 how many points you received from my repo till now. 80+ points crossed or not?

@harshmishra19
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Yes crossed

@Sulagna-Dutta-Roy
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How many points you earned till now from my repo? is 150? @harshmishra19

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Hello @harshmishra19! Your issue #1878 has been closed. Thank you for your contribution!

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