Current location - Loan Platform Complete Network - Loan consultation - The loan is 654.38 million yuan, with an annual interest rate of 7.92%, which will be paid off in five years. What is the monthly balance?
The loan is 654.38 million yuan, with an annual interest rate of 7.92%, which will be paid off in five years. What is the monthly balance?
This interest rate is relatively high, and the benchmark interest rate is 6.4%.
Every month is 2023.8 1, and the interest * * * is 2 14000.
Repayment amount of each installment = loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment period /( 1+ monthly interest rate )× repayment period-1.