The annual interest rate is 5.485, so the monthly interest rate is 5.485 divided by 12 equals 0.457, and the monthly interest rate is 0.457%.

2. Gitzo borrows 40,000 yuan in 45 installments, and each installment repays 1 583.88 yuan. How to calculate the annual interest rate?

The simplest tool for calculating loan interest rate and monthly payment is EXCEL in office software. Commonly known as spreadsheets.

Substitute the number of periods N=45, monthly PMT= 1583.88 and present value PV=40000 into EXCEL formula-monthly interest rate of financial function ().

You can get the monthly interest rate R=2.8336%.

Annual interest rate = 12R=34%

Third, I borrowed 40,000 yuan and paid it back in 45 installments 10. What is the annual interest rate of 163 1.42?

The annual interest rate is (451631.42-40000)/40000/45x12 = 22.28%, which is not low.

4. What is the annual interest rate of 45% for borrowing 40,000 yuan?

The annualized interest rate of the loan is 4.45%, and the monthly interest is about 37.08 yuan. Loan 10000 yuan, annualized interest rate of 4.45%, and annual interest should be 445 yuan. The interest for one year is100004.45/100 = 445 yuan, and the interest for one month is 445/ 12, which is about 37.08 yuan. Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds.