Take a credit card loan of 50 thousand, with interest of 0.75, and pay it off in two years. How much is the monthly payment?
Handling fee for each period = 50,000 * 0.75% = 375 yuan.
Monthly principal repayment =50000/24=2083.33 yuan.
Monthly repayment = handling fee for each installment+monthly repayment of principal =375+2083.33=2458.33 yuan.