Xiao Li borrowed 200,000.00 yuan to buy a house, which was repaid by the average repayment method. The loan term is 20 years and the preferential interest rate is 5.8 14%. His monthly repayment of pri

Xiao Li borrowed 200,000.00 yuan to buy a house, which was repaid by the average repayment method. The loan term is 20 years and the preferential interest rate is 5.8 14%. His monthly repayment of principal is as follows. Principal = 200,000/240 months =833.33

The first month's interest = 200,000× (0.05814 years' interest ÷ 12) and the monthly interest =969.

Next month's interest = (200000-833.33) × (0.05814 year's interest ÷ 12) month's interest.

By analogy, the principal remains unchanged and the interest decreases.