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Repayment method of cattle loan in Xinjiang
Xinjiang cattle loan has two repayment methods: equal principal and interest repayment method and equal principal repayment method, as follows:
1. Equal principal and interest repayment method means that the repayment amount of each installment is the same, and the proportion of principal and interest is constantly changing.
2. The average capital repayment method means that the repayment amount of each installment is not exactly the same, and the principal of each installment is the same, but the interest decreases with the increase of the number of installments.
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