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5. If the postal savings loan 10000 yuan is repaid monthly, the monthly repayment should be 50000×( 1 interest rate) ÷1February = 50000× (10.0042) ÷1.
I want to borrow 50,000 yuan from the bank and pay it off in three years. How much do I have to pay back every month?
The People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from 20 15124, to further reduce the social financing costs. Among them, the benchmark interest rate for one-year loans of financial institutions was lowered by 0.25 percentage points to 4.35%; The benchmark interest rate for one-year deposits was lowered by 0.25 percentage point to1.5%; The benchmark interest rates of other loans and deposits and the lending rates of the People's Bank of China to financial institutions are adjusted accordingly; The interest rate of individual housing provident fund loans remains unchanged. At the same time, commercial banks and rural cooperative financial institutions are no longer allowed to set a floating ceiling on deposit interest rates, improve the formation and regulation mechanism of interest rate marketization, strengthen the regulation and supervision of the interest rate system by the central bank, and improve the transmission efficiency of monetary policy.
Starting from that day, the RMB deposit reserve ratio of financial institutions will be lowered by 0.5 percentage point, so as to keep liquidity in the banking system reasonably abundant and guide the steady and moderate growth of money and credit. At the same time, in order to increase the positive incentives for financial support for "agriculture, rural areas and farmers" and small and micro enterprises, the deposit reserve ratio will be reduced by 0.5 percentage points for eligible financial institutions.
The loan of 50,000 yuan will be paid off in three years, and the loan interest rate is 4.75%. The repayment method of the same principal is 1, 388.89 yuan per month, and the cumulative repayment is 5366 1.46 yuan. The repayment method of equal principal and interest every month is different. The first month's repayment 1, 295.02 yuan, the second month's repayment 1, 300. 1.5 yuan, the third month's repayment 1, 305.3 yuan, and the fourth month's repayment 1, 365,433 yuan. The repayment amount in the 36th month is 65,438+0,487.05 yuan, and the accumulated repayment amount is 55,438+0 yuan. 49686.88686886666
Average capital refers to a repayment method of loans. During the repayment period, the total amount of loans is divided into equal parts, and the same amount of principal and interest generated by the remaining loans of the month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the borrower is under great pressure to repay at first, but as time goes on, the monthly repayment amount is less and less.
Matching principal and interest refers to a repayment method. Matching principal and interest means paying the same amount of loans (including principal and interest) every month during the repayment period. This is a concept different from average capital. Although the monthly repayment amount may be lower than the average capital repayment method at the beginning, the interest paid in the end will be higher than the average capital repayment method commonly used by banks.