Hello, I'd like to ask how much it will cost to pay off the loan of Agricultural Bank of China 15000 in three years.
Matching principal and interest method: loan principal: 15000, assuming annual interest rate: 4.750% and loan life: 3 years; Monthly repayment of principal and interest: 447.88 yuan, total repayment amount of principal and interest: 16 123.68 yuan, and total interest payable: 65,438+. The interest paid in 1 month is: 59.38; The first 1 month principal repayment is: 388.5; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)