Current location - Loan Platform Complete Network - Loan intermediary - The loan is 300,000 yuan, and it will be paid back to 360,000 yuan in five years. What is the interest?
The loan is 300,000 yuan, and it will be paid back to 360,000 yuan in five years. What is the interest?
After calculation, the monthly interest rate is: .618%; The annual interest rate is: 7.42%

Matching principal and interest method: loan principal: 300,000 yuan, assuming annual interest rate: 7.420%, loan life: 5 years, monthly repayment principal and interest amount: 5999.99 yuan, total repayment amount: 359,999.4 yuan, and * * repayable interest: 59,999.4 yuan. The interest paid in 1 month is:1855; The first 1 month principal repayment is: 4144.99; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)