Repaying 570,654.38+10,000 in advance shortens the cycle and keeps the monthly payment unchanged. Is it an algorithm of equal principal and interest?
Yes 570,000 yuan is repaid in advance, 654.38+10,000 yuan, and the monthly payment remains unchanged. The remaining interest will be calculated according to the remaining loan principal, the loan interest rate agreed in the contract and the repayment method. As long as the monthly repayment amount remains unchanged, it is the algorithm of equal principal and interest. Matching principal and interest refers to a repayment method, which means "the sum of principal and interest repaid every month is unchanged, but the proportion of principal and interest is constantly changing".