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Pay it back. How much does it cost to borrow $20,000 in 24 installments every month?
Pay it back. I borrowed 20,000 yuan and paid it in 24 installments 1007 yuan every month. According to the query of Dazhong. com, the repayment amount is 20,000, with 24 installments, the loan interest rate is 0.05%/ day, and the repayment method is equal principal and interest. Then the monthly repayment is about 1007 yuan. However, the actual repayment amount may be different due to personal credit status, loan term and other factors. It is recommended to carefully understand the repayment plan and related expenses before borrowing, and carefully choose the loan amount and term according to your own economic ability.