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The monthly payment is $133.98 for a $1,500 loan with a 13% APR. The loan or credit card debt will cost $107.71 in interest payments for the first 12 months.
13% APR on $1500 Results |
|
APR |
13.0005% |
Total Financial Charges: |
$107.71 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,500.00 |
Loan Amount: |
$1,500.00 |
Monthly Payment: |
$133.98 |
Total # Of Payments: |
12 |
Start Date: |
Feb, 2025 |
Payoff Date: |
Jan, 2026 |
Total Interest Paid: |
$107.71 |
Total Payment: |
$1,607.71 |
13% APR on $1500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Feb, 2025 | 1 | $16.25 | $117.73 | $133.98 | $1,382.27 | |
Mar, 2025 | 2 | $14.97 | $119.00 | $133.98 | $1,263.27 | |
Apr, 2025 | 3 | $13.69 | $120.29 | $133.98 | $1,142.98 | |
May, 2025 | 4 | $12.38 | $121.59 | $133.98 | $1,021.39 | |
Jun, 2025 | 5 | $11.07 | $122.91 | $133.98 | $898.48 | |
Jul, 2025 | 6 | $9.73 | $124.24 | $133.98 | $774.24 | |
Aug, 2025 | 7 | $8.39 | $125.59 | $133.98 | $648.65 | |
Sep, 2025 | 8 | $7.03 | $126.95 | $133.98 | $521.70 | |
Oct, 2025 | 9 | $5.65 | $128.32 | $133.98 | $393.37 | |
Nov, 2025 | 10 | $4.26 | $129.71 | $133.98 | $263.66 | |
Dec, 2025 | 11 | $2.86 | $131.12 | $133.98 | $132.54 | |
Jan, 2026 | 12 | $1.44 | $132.54 | $133.98 | $0.00 |
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