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If you spend 5,000 on Minsheng Credit Card and divide it into 24 and 12 installments, how much will you pay back in a month?

The handling fee for 12 periods is 0.67, which means that each period needs to be repaid

5000/12 5000 x0.67 = 450.17 yuan

The procedure for 24 periods The fee is 0.7, that is, repayment in each installment

5000/24 ??5000x0.7 = 243.33 yuan

The longer the installment, the higher the total handling fee