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The monthly payment is $135.39 for a $1,500 loan with a 15% APR. The loan or credit card debt will cost $124.65 in interest payments for the first 12 months.
15% APR on $1500 Results |
|
APR |
14.9990% |
Total Financial Charges: |
$124.65 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,500.00 |
Loan Amount: |
$1,500.00 |
Monthly Payment: |
$135.39 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$124.65 |
Total Payment: |
$1,624.65 |
15% APR on $1500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $18.75 | $116.64 | $135.39 | $1,383.36 | |
Jan, 2025 | 2 | $17.29 | $118.10 | $135.39 | $1,265.27 | |
Feb, 2025 | 3 | $15.82 | $119.57 | $135.39 | $1,145.70 | |
Mar, 2025 | 4 | $14.32 | $121.07 | $135.39 | $1,024.63 | |
Apr, 2025 | 5 | $12.81 | $122.58 | $135.39 | $902.05 | |
May, 2025 | 6 | $11.28 | $124.11 | $135.39 | $777.94 | |
Jun, 2025 | 7 | $9.72 | $125.66 | $135.39 | $652.27 | |
Jul, 2025 | 8 | $8.15 | $127.23 | $135.39 | $525.04 | |
Aug, 2025 | 9 | $6.56 | $128.82 | $135.39 | $396.22 | |
Sep, 2025 | 10 | $4.95 | $130.43 | $135.39 | $265.78 | |
Oct, 2025 | 11 | $3.32 | $132.07 | $135.39 | $133.72 | |
Nov, 2025 | 12 | $1.67 | $133.72 | $135.39 | $0.00 |
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