Friends who often borrow money know that the common repayment methods are either the average capital repayment method or the equal principal and interest repayment method. The average capital repayment method has less interest, but most people are not very clear about the monthly repayment details of the average capital. Today, I will tell you in detail.

For example, everyone borrows 654.38+10,000 yuan from the bank to buy a car, and adopts the repayment method of equal cost, with an annual interest rate of 5%, a term of 3 years and a loan date of 2065.438+July 27, 2007. After calculation, the borrower should repay RMB yuan in the first month, including RMB yuan for principal and RMB yuan for interest, and RMB yuan less every month thereafter.

Monthly repayment details of average capital

Here, I will show you the details of monthly repayment in average capital, and I believe you have already understood this repayment method in average capital. Friends who plan to borrow money may wish to have a look. There are many products here and the repayment method is flexible. Not only can you repay by installments, but you can also borrow and pay back.