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The monthly payment is $117.34 for a $1,300 loan with a 15% APR. The loan or credit card debt will cost $108.03 in interest payments for the first 12 months.
15% APR on $1300 Results |
|
APR |
14.9990% |
Total Financial Charges: |
$108.03 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$117.34 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$108.03 |
Total Payment: |
$1,408.03 |
15% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $16.25 | $101.09 | $117.34 | $1,198.91 | |
Jan, 2025 | 2 | $14.99 | $102.35 | $117.34 | $1,096.56 | |
Feb, 2025 | 3 | $13.71 | $103.63 | $117.34 | $992.94 | |
Mar, 2025 | 4 | $12.41 | $104.92 | $117.34 | $888.01 | |
Apr, 2025 | 5 | $11.10 | $106.24 | $117.34 | $781.78 | |
May, 2025 | 6 | $9.77 | $107.56 | $117.34 | $674.21 | |
Jun, 2025 | 7 | $8.43 | $108.91 | $117.34 | $565.30 | |
Jul, 2025 | 8 | $7.07 | $110.27 | $117.34 | $455.04 | |
Aug, 2025 | 9 | $5.69 | $111.65 | $117.34 | $343.39 | |
Sep, 2025 | 10 | $4.29 | $113.04 | $117.34 | $230.34 | |
Oct, 2025 | 11 | $2.88 | $114.46 | $117.34 | $115.89 | |
Nov, 2025 | 12 | $1.45 | $115.89 | $117.34 | $0.00 |
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