I bought things on Taobao 1500, and paid by installments. How long does 1 mean? /kloc-What is the interest for 0/month and 2 months?

Generally speaking, a cycle is one month. There is no interest on installment payment, only a handling fee. Repayment of principal by installments = total amount of principal to be repaid by installments ÷ number of installments. Fee for installment repayment = total amount of principal to be repaid × total installment interest rate ÷ number of installments.

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Extended data:

Installment repayment-means that there will be multiple repayments, and the principal and interest of repayment will be allocated to each repayment. At present, installment financing business is popular, and both units and individuals may come into contact with this kind of business, such as mortgage loan when buying a house, installment purchase of bulk commodities and so on. However, because many people don't have the concept of time value of funds, their calculated capital cost is often quite different from the actual situation.

References:

Installment repayment _ Baidu Encyclopedia