Someone borrowed 80,000 yuan from the bank to buy a house with an annual interest rate of 4%. If it is paid off within five years, how much money must he pay back every month? Specific answer, thank you. Calculated by equal principal and interest repayment method.

Monthly repayment amount = 80000 * 4%/12 * (1+4%/12) (5 *12)/(1+4%/kloc-0)

So you need to pay 1473.32 yuan every month.

I hope the above answers can help you.