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Borrowing 34,000 yuan and paying back 52,000 yuan every year, is that high interest?
Interest =52000-34000= 18000 yuan

(1) One-time repayment of principal and interest

Annual interest rate = interest/(principal * term)

= 18000/(34000* 1)

=52.94%

(2) Equal amount

principal and interest

pay back

loan

The annual interest rate is 86.76%

23

The loan amount is 34,000 yuan.

The loan term is 65438+February.

The total repayment amount is 52,000 yuan.

The total interest is 6.5438+0.8 million yuan.

The monthly repayment is 4333.33 yuan.

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