Credit Card Repayment If I spend a large credit card of 800,000 yuan, according to the minimum repayment method, how much do I need to pay back with principal and interest every month?
If you spend money by credit card, for example, if you swipe 800 thousand, the minimum repayment amount is 80 thousand. Except for ICBC, it is a full penalty interest. Record the interest on the day of swiping the card, and recover the interest every other month, with a daily interest rate of five ten thousandths until it is paid off. The daily interest is ~ 800,000 ~ 0.05 ~ 400, and the interest is quite high. This transaction is paid by installment.