Calculation formula of equal principal and interest repayment method: repayment amount per installment of equal principal and interest repayment method = loan principal × interest rate× (1+interest rate) loan term /[( 1+ interest rate) loan term-1].

Suppose the principal is 65,438+00,000 yuan, and the bank loan is 65,438+0 years, and the current benchmark interest rate is 6.06%.

Equal principal and interest repayment method?

Monthly repayment of principal and interest =860.94 yuan

The total repayment amount is 1033 1.28 yuan?

The total interest is 33 1.28 yuan.