Guangfa Bank's wealth management fund, the loan of 34,000 yuan is repaid in 24 installments, and the interest rate of each installment is 0.66%. So how much interest do I need to pay in total and how to calculate it? Taking Guangfa Credit Card as an example, the algorithm of this wealth management fund is as follows:

Handling fee for each period: 34,000 * 0.66% = 224.4 yuan.

Principal to be repaid in each installment: 34,000/24 =1,465,438+06.67 yuan.

Expenses payable and principal in this period: 224.4+1416.67 =1641.07 yuan.

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(Reply time: 65438+February 4, 2020. Please refer to the latest business changes announced by Guangfa official website. )