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How much is the monthly repayment for a 1-year installment of 20,000 Pudong Development Bank Credit Card?

If you spend 20,000 yuan with a credit card, apply for 12 installments. The handling fee rate for each period is 0.74%.

Monthly payment: handling fee 20000X0.74% + principal 20000÷12=148+1666.67=1814.67 yuan.

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