An enterprise borrows a sum of money from a bank, and the annual interest rate of the bank loan is 10%, with compound interest once a year. The bank stipulates that there is no need to repay the principal and interest for the first five years. This is an intermediate accounting title exercise, and the solution is as follows:

Known: (P/A, 10%, 5)= 3.7908, (P/F, 10%, 2)= 0.8264.

Annual repayment amount = 100×(P/A, 10%, 5)×(P/F, 10%, 2)= 3 13.27 (ten thousand yuan).

Besides, to do this problem, we must memorize the fixed annual interest rates of some bank loans. The benchmark interest rate of central bank loans is: ordinary commercial loans, with an annual interest rate of 4.35% within one year (including one year), 4.75% from one year to five years (including five years) and 4.90% for more than five years.

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Matters needing attention in daily life of bank loans

1. When applying for a loan, the borrower makes a correct judgment on his repayment ability. Design the repayment plan according to your own income level, and leave room appropriately so as not to affect your normal life.

2. Choose the appropriate repayment method. There are two repayment methods: equal repayment method and equal principal repayment method. Once the repayment method is agreed in the contract, it cannot be changed during the whole loan period.

3. Repay on time every month to avoid penalty interest. Starting from one month after the loan is initiated, it is usually the repayment date of the following month. Don't be fined for breach of contract because of your negligence, which will make it impossible for banks to apply for loans again.