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What is the monthly principal interest for borrowing at the interest rates of 5% and 7%10.05 million yuan for 30 years?
Assuming "equal principal and interest" repayment method;

Annual interest rate =6.84%, monthly interest rate = annual interest rate/12 = 0.57%;

Formula: monthly repayment amount = loan amount * monthly interest rate/1-( 1+ monthly interest rate)-repayment months.

Monthly repayment amount =1050000 * 0.57%/1-(1+0.57%)-360

Monthly repayment amount = 6,873,438+0 yuan.

Total repayment = 2,474,357,438+0 yuan.

Total interest = 1, 424,357,438+0 yuan.

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