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Buy a house with a loan from Agricultural Bank 120000, and pay it off in 8 years. How much should I pay back every month?
Matching principal and interest method: loan principal: 120000, assuming annual interest rate: 4.900% and loan life: 8 years; Monthly repayment amount of principal and interest: 15 13.48 yuan, and total repayment amount of principal and interest: 145294.08 yuan, * *. The interest paid in 1 month is: 490; The first 1 month principal repayment is:1023.48; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)