How to calculate the interest for Industrial Bank Credit Card if it is 7,000 points for 18 periods?

If you spend 7,000 yuan with an Industrial Bank credit card, apply for 18 installments. The handling fee for each installment is 0.75% and there is no interest.

Monthly payment: handling fee 7000X0.75% principal 7000÷18=52.5 388.89=441.39 yuan

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