Loan principal: 50,000 yuan, assuming annual interest rate: 4.750%, and loan term: 3 years.

year

The monthly repayment amount of principal and interest is:

1492.94 yuan, and the total repayment amount is:

53,745.84 yuan, * * * Interest payable:

3745.84 yuan. The interest paid in 1 month is: 197.92.

; The first 1 month principal repayment amount is 1295.02.

; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)

Formula of equal principal and interest method (n is the number of months): monthly repayment amount = principal * monthly interest rate *[( 1+ monthly interest rate) n]/[( 1+ monthly interest rate) n- 1]

The symbol is a power, such as 2 3.

=2*2*2=8