A 14-square-meter house costs 3, yuan per square meter, and the mortgage is 8% divided into 15 years and how much will be paid back in one month? How is it calculated? thank you
Hehe, 8% of the mortgage means a loan of 249,6 yuan, and the annual interest rate of commercial loans should be 5.94% in 15 years. If you want to calculate the monthly interest rate, simple interest is 5.94/12, and the compound interest calculation has a nominal annual interest rate and a real interest rate. The actual annual interest rate is =(1+ nominal interest rate/12) N-1, and it is obtained. You can also find a mortgage calculator to calculate.