Automobile mortgage algorithm: 1. At present, there are two ways to calculate the monthly payment of car loan: one is formula calculation, the other is car loan calculator calculation;

2. There are two common repayment methods for bank car loans: equal principal and interest repayment and equal principal repayment; Automobile mortgage calculation formula: equal principal and interest repayment method monthly payment calculation formula: monthly repayment amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months]; [( 1+ monthly interest rate) repayment months-1];

3. Average principal repayment method: monthly repayment amount = (loan principal ÷ repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

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