Current location - Loan Platform Complete Network - Loan intermediary - I borrowed 30,000 yuan, with an annual interest rate of 19.8%. How much should I pay for three years?
I borrowed 30,000 yuan, with an annual interest rate of 19.8%. How much should I pay for three years?
Depending on the repayment method, if the repayment is monthly, the monthly interest rate is 19.8%/ 12.

30,000 yuan, 3 years (36 months), monthly repayment:

30000 * 19.8%/ 12 * ( 1+ 19.8%/ 12) 36/[( 1+ 19.8%/65438)

Total repayment amount:111.85 * 36 = 40026.6.

Explanation: 36 is the 36th power.