How to calculate the monthly repayment amount of loan repayment? What is the formula?

The monthly repayment amount of loan repayment is calculated as follows:

1, calculation formula of equal repayment:

Monthly repayment amount = [principal * monthly interest rate * (1+ monthly interest rate) ∧ loan months ]/[( 1+ monthly interest rate) ∧ loan months-1]

(Note: the number of loan months is an index of (1+ monthly interest rate))

2. Calculation formula of equal principal repayment:

Monthly principal and interest repayment amount = (principal/repayment months)+(principal _ accumulated repaid principal) * monthly interest rate.

3. According to the tax law, there are two ways to calculate the property tax:

(1) Calculate the residual value after deducting 30% from the original value of the property at one time. The calculation formula is: annual tax payable = original book value of real estate ×( 1-30%)× 1.2%.

(2) According to the rental income, the calculation formula is: annual tax payable = annual rental income × applicable tax rate (2%).

Different repayment methods have different calculation methods. Individuals can analyze which method is more cost-effective according to the specific loan method.

What materials are needed in the next step after the name change of the provident fund loan?

What links does the Changsha provident fund loan process specifically include?

Does Gitzo's more than 5,000 yuan still constitute fraud?

Brief introduction of American general motors company

How to treat the live webcast of real-name registration system?

Will the death of a personal lender affect his wife?

How did the Japanese respond to U.S. food aid after World War II?

How to be a good account manager of small and micro loans in banks

Provide loans to member countries to promote the country's economic recovery and development and promote the balanced growth of international trade. What is the purpose of international organizations?

How to repay the interest of 8000 yuan student loan?