I borrowed 6000 yuan from Gitzo and paid it back in 12 installments. I paid back 707438+06 yuan every month, and the interest generated was more than 2484 yuan.
Principal: 6,000 yuan. According to the equal principal and interest method, after calculation, the monthly payment is 707.16; The monthly interest rate is 5.783%; The annual interest rate is: 69.39%, 6 minutes, 9% and 39% respectively. This is a usury that is more than four times higher than that of the bank. The total interest to be repaid is: 2485.92.