Current location - Loan Platform Complete Network - Bank loan - The annual interest rate is 12.5%, the loan amount is 480,000 yuan, and the loan period is 5 years. How much do you want to pay at the end of each month? How much will it cost in five years? Thank you
The annual interest rate is 12.5%, the loan amount is 480,000 yuan, and the loan period is 5 years. How much do you want to pay at the end of each month? How much will it cost in five years? Thank you
The annual interest rate is 12.5%, the loan amount is 480,000 yuan, and the loan period is 5 years. How much do you want to pay at the end of each month? How much will it cost in five years? Thank you, master. The monthly interest rate is 12.5%/ 12.

480,000 5 years (60 months) monthly repayment amount:

480000 * 12.5%/ 12 * ( 1+ 12.5%/ 12) 60/[( 1+ 12.5%/65438)

Total contribution:10799.5438+0 * 60 = 647940.6.

Explanation: 60 is the 60th power.