Loan term: 1 year (12 months)

Four situations of paying off all loans at a fixed interest rate:

☆ Calculated by commercial loans with equal principal and interest.

Annual profit rate: 6%

Monthly payment: 172 1.33 yuan.

Total interest: 655.95 yuan

Total accumulated repayment: 20,655.95 yuan.

☆ Based on commercial loans and average capital.

Annual profit rate: 6%

Monthly payment for the first month: 1766.67 yuan.

Decreasing month by month: 8.33 yuan

Monthly payment at the end of the month: 1674.96 yuan.

Total interest: 650.00 yuan

Total accumulated repayment: 20,650.00 yuan.