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The monthly payment is $8.98 for a $100 loan with a 14% APR. The loan or credit card debt will cost $7.74 in interest payments for the first 12 months.
14% APR on $100 Results |
|
APR |
13.9979% |
Total Financial Charges: |
$7.74 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$8.98 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$7.74 |
Total Payment: |
$107.74 |
14% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $1.17 | $7.81 | $8.98 | $92.19 | |
Nov, 2024 | 2 | $1.08 | $7.90 | $8.98 | $84.28 | |
Dec, 2024 | 3 | $0.98 | $8.00 | $8.98 | $76.29 | |
Jan, 2025 | 4 | $0.89 | $8.09 | $8.98 | $68.20 | |
Feb, 2025 | 5 | $0.80 | $8.18 | $8.98 | $60.02 | |
Mar, 2025 | 6 | $0.70 | $8.28 | $8.98 | $51.74 | |
Apr, 2025 | 7 | $0.60 | $8.38 | $8.98 | $43.36 | |
May, 2025 | 8 | $0.51 | $8.47 | $8.98 | $34.89 | |
Jun, 2025 | 9 | $0.41 | $8.57 | $8.98 | $26.32 | |
Jul, 2025 | 10 | $0.31 | $8.67 | $8.98 | $17.65 | |
Aug, 2025 | 11 | $0.21 | $8.77 | $8.98 | $8.88 | |
Sep, 2025 | 12 | $0.10 | $8.88 | $8.98 | $0.00 |
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