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The monthly payment is $117.94 for a $1,300 loan with a 15.99% APR. The loan or credit card debt will cost $115.33 in interest payments for the first 12 months.
15.99% APR on $1300 Results |
|
APR |
15.9899% |
Total Financial Charges: |
$115.33 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$117.94 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$115.33 |
Total Payment: |
$1,415.33 |
15.99% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $17.32 | $100.62 | $117.94 | $1,199.38 | |
Jan, 2025 | 2 | $15.98 | $101.96 | $117.94 | $1,097.42 | |
Feb, 2025 | 3 | $14.62 | $103.32 | $117.94 | $994.10 | |
Mar, 2025 | 4 | $13.25 | $104.70 | $117.94 | $889.40 | |
Apr, 2025 | 5 | $11.85 | $106.09 | $117.94 | $783.31 | |
May, 2025 | 6 | $10.44 | $107.51 | $117.94 | $675.80 | |
Jun, 2025 | 7 | $9.01 | $108.94 | $117.94 | $566.86 | |
Jul, 2025 | 8 | $7.55 | $110.39 | $117.94 | $456.47 | |
Aug, 2025 | 9 | $6.08 | $111.86 | $117.94 | $344.61 | |
Sep, 2025 | 10 | $4.59 | $113.35 | $117.94 | $231.26 | |
Oct, 2025 | 11 | $3.08 | $114.86 | $117.94 | $116.39 | |
Nov, 2025 | 12 | $1.55 | $116.39 | $117.94 | $0.00 |
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