Financial Calculator India
function calculateEMI() {
let principal = parseFloat(document.getElementById(‘principalAmount’).value);
let rate = parseFloat(document.getElementById(‘rateOfInterest’).value) / 100 / 12; // Monthly rate
let term = parseInt(document.getElementById(‘loanTerm’).value) * 12; // Loan term in months
if (isNaN(principal) || isNaN(rate) || isNaN(term) || principal <= 0 || rate <= 0 || term <= 0) {
alert("Please enter valid values.");
return;
}
let emi = (principal * rate * Math.pow(1 + rate, term)) / (Math.pow(1 + rate, term) – 1);
document.getElementById('emiAmount').value = emi.toFixed(2);
}
function resetForm() {
document.getElementById('financialCalculatorForm').reset();
document.getElementById('emiAmount').value = '';
}
