Financial problems, time value, loan to buy a car
I don't know how to calculate it abroad. In China, if the mortgage is 30%, the loan lasts for three years, the interest rate is 7%, and the monthly repayment is 400 dollars (at today's exchange rate of 400 dollars to RMB =2520.4789 yuan), plus the purchase tax and other car purchase expenses, it will be about 1 15000 yuan (165438 yuan).