Now the loan is 20 thousand, and the interest and principal will be repaid in one lump sum after five years. how much is it?
First of all, the personal loan of the bank pays the principal and interest monthly, and there is no financial product that pays the principal and interest once every five years. Some credit cards have credit limits and can be overdrawn. If the loan interest rate is 5.76% for five years, the interest of 20000*5.76*5 is equal to 5760 yuan.