The current provident fund loan interest rate was adjusted and implemented on July 6, 20 12. After adjustment, the five-year provident fund loan interest rate is 4.0%, and the monthly interest rate is 4.0%/ 12.

70,000 yuan, 5 years (60 months), monthly repayment:

70000 * 4%/ 12 * ( 1+4%/ 12) 60/[( 1+4%/ 12) 60- 1] = 65438.

Total interest:1289.16 * 60-70000 = 7349.6.

Description: 60 is the 60th power.