Who can help me calculate, at the current interest rate, 20% off, 20 years later, the loan will be 400 thousand, and how much will it cost each month!
At present, the benchmark interest rate of commercial banks' loans over five years is 5.94%, the interest rate after 20% discount is 4.752%, and the monthly interest rate is 4.752%/ 12=0.396%.
400,000 yuan for 20 years (240 months), and the monthly repayment amount is:
[400000 * 0.396% * (1+0.396%) 240]/[(1+0.396%) 240-1] = 2585.33 yuan.
Description: 240 is the power of 240.