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The monthly payment is $9.03 for a $100 loan with a 15% APR. The loan or credit card debt will cost $8.31 in interest payments for the first 12 months.
15% APR on $100 Results |
|
APR |
14.9864% |
Total Financial Charges: |
$8.31 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$9.03 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$8.31 |
Total Payment: |
$108.31 |
15% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $1.25 | $7.78 | $9.03 | $92.22 | |
Nov, 2024 | 2 | $1.15 | $7.87 | $9.03 | $84.35 | |
Dec, 2024 | 3 | $1.05 | $7.97 | $9.03 | $76.38 | |
Jan, 2025 | 4 | $0.95 | $8.07 | $9.03 | $68.31 | |
Feb, 2025 | 5 | $0.85 | $8.17 | $9.03 | $60.14 | |
Mar, 2025 | 6 | $0.75 | $8.27 | $9.03 | $51.86 | |
Apr, 2025 | 7 | $0.65 | $8.38 | $9.03 | $43.48 | |
May, 2025 | 8 | $0.54 | $8.48 | $9.03 | $35.00 | |
Jun, 2025 | 9 | $0.44 | $8.59 | $9.03 | $26.41 | |
Jul, 2025 | 10 | $0.33 | $8.70 | $9.03 | $17.72 | |
Aug, 2025 | 11 | $0.22 | $8.80 | $9.03 | $8.91 | |
Sep, 2025 | 12 | $0.11 | $8.91 | $9.03 | $0.00 |
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