Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Borrowed 6.5438+0.7 million and paid it back for 25 years. According to the current interest on provident fund loans, how much should I pay back in January?
Borrowed 6.5438+0.7 million and paid it back for 25 years. According to the current interest on provident fund loans, how much should I pay back in January?
983.9 yuan

The formula is: monthly payment = total loan × monthly interest rate ×( 1+ monthly interest rate) to the n power ÷( 1+ monthly interest rate) to the n power? - 1

Note: in the above formula, n is the number of periods, and the number of periods = loan term × 12 months, and the monthly interest rate = annual interest rate/12. The n power of a is written as n, and the numbers are brought in.