Current location - Loan Platform Complete Network - Loan consultation - Suppose a company obtains a long-term loan with an annual interest rate of 1% from a bank, and according to the contract requirements, it should pay the annual loan interest at the beginning.
Suppose a company obtains a long-term loan with an annual interest rate of 1% from a bank, and according to the contract requirements, it should pay the annual loan interest at the beginning.
long-term loans for at least 5 years; There are also interest payments for deposits and loans,

assuming that the loan is borrowed for 5 years, 1 million

1Y: interest expense: 1 million * 1% = 1,; Interest income: 1 million * 2% * 2% = 4,

Actual annual interest rate: 96,/1,, = 9.6%.