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How to calculate the interest if I borrow 60,000 yuan to buy a car and pay it off in 4 years? Or in this case, how much should be paid every month. Please explain in detail!

Each company has different interest rates and different repayment methods.

Some repay the principal and interest every month, evenly.

Some repay only the interest every month. , the principal will be repaid in one lump sum at maturity (BENZ is)

If it is the first type, it is (60000*0.069*4 60000)/48=1595 yuan per month.

If it is the second type, it is 60,000*0.069*4/48=345 yuan to pay interest every month, and the principal of 60,000 in the last month.