pay
Repay the principal every month
= principal/number of cycles
= 120000/24
=5000 yuan
Pay interest every month.
= principal * monthly "interest rate"
= 120000* 1.5%
= 1800 yuan
Monthly repayment
= monthly repayment of principal+monthly "interest"
=5000+ 1800
=6800 yuan
"interest"
expensive
View from a height or a distance