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How to calculate the installment mortgage of excavator?
Staging: the total car price MINUS your down payment, the remaining loan amount/repayment period = monthly repayment amount.

Mortgage: down payment = down payment+freight+deposit+insurance premium+notary fee.

Loan principal = total car price-down payment

Monthly repayment amount = loan principal × monthly interest rate ×( 1+ monthly interest rate) loan periods /( 1+ monthly interest rate) loan periods-1