The monthly interest rate is 7.5%/ 12.
Monthly payment of 500,000 years (60 months):
500000 * 7.5%/ 12 * ( 1+7.5%/ 12) 60/[( 1+7.5%/ 12) 60- 1]
Total interest:10019 * 60-500000 =10140.
Explanation: 60 is the 60th power.
The interest rate determines the interest required for future repayment. The People's Bank of China announces the benchmark interest rate of loans every year, and local banks will make adjustments according to their own conditions. However, institutional loan companies are not bound, so we must pay attention to interest rates when lending, otherwise we are likely to be involved in usury.
1. Self-operated loan. Refers to the loan independently issued by the lender with funds raised by legal means, with the risks borne by the lender and the principal and interest recovered by the lender.
2. Entrusted loans. Refers to loans provided by government departments, enterprises, institutions, individuals and other principals, and issued, supervised and recovered by the lender (i.e. the trustee) according to the loan object, purpose, amount, term and interest rate determined by the principal. The lender (trustee) only charges the handling fee and does not bear the loan risk.
3. Specific loans. Refers to the loans granted by a wholly state-owned commercial bank with the approval of the State Council and after taking corresponding remedial measures for the losses that may be caused by the loans.
How to manage 500 thousand?
1, and continue to maintain a reasonable capital accumulation.
Bian Xiao thinks that Mr. Zhao is diligent and thrifty, which is very admirable. This frugal habit can be kept, which will make wealth accumulate well. However, the accumulated funds are only used for bank deposits. ......
2. Continue to maintain reasonable capital accumulation.
Bian Xiao thinks that Mr. Zhao is diligent and thrifty, which is very admirable. This frugal habit can be kept, which will make wealth accumulate well. However, the accumulated funds are only used to deposit in the bank for current or regular income, so the income earned is relatively low, and appropriate investment should be started.
3. Steady investment, initial medium share.
For investment, a small boss like Mr. Zhao, who gets up early and gets greedy, earns hard money and has plans for the future. Therefore, if you invest, you need to be relatively stable to ensure that your future goals can be achieved well. During the investment period, you don't have to pursue too high return on investment. In this regard, Jiafeng Ruide financial planner suggested that steady investment can be made, including investment bank's wealth management products and fixed-income products on the market.
Although the yield of bank wealth management products is not high at present, averaging around 4%-5%, it is still higher than time deposits and demand deposits, which is still good. In addition, there are fixed-income products in the market, such as the rate of return of the stable profit selection fund is 6%- 1 1.5%, which is also very good, but the investment threshold of the latter is slightly higher than the 50,000 threshold of ordinary bank wealth management products.
3. Properly plan some investments with higher returns.
In addition, the pursuit of high returns is not an option that should be ruled out. In this regard, Jiafeng Reid's financial planner's suggestion can be configured, but the investment ratio needs to be strictly controlled. For high-risk return investments such as stocks and stock funds, it is best for ordinary retail investors to control the total investable funds below 20%-30%, so as to avoid greater risks in the market, drag down the overall investment income, cause losses and affect future investments.
4. Pay attention to the safety of funds to prevent being cheated.
Finally, I would like to remind everyone that although Mr. Zhao already has a sum of money, in the process of future investment, in the process of making money in the future, it is still necessary to prevent being cheated and breaking money.
For example, to prevent being cheated, including all kinds of telecom fraud, irregular fund-raising and pyramid schemes, should be avoided as much as possible. In addition, financial bankruptcy may involve illness, hospitalization, unexpected risks and so on. It is suggested that Mr. Zhao Can personally pay the overall social security and medical insurance to reduce the probability of financial bankruptcy caused by these uncertain things.