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The monthly payment is $118.57 for a $1,300 loan with a 17% APR. The loan or credit card debt will cost $122.79 in interest payments for the first 12 months.
17% APR on $1300 Results |
|
APR |
17.0013% |
Total Financial Charges: |
$122.79 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$118.57 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$122.79 |
Total Payment: |
$1,422.79 |
17% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $18.42 | $100.15 | $118.57 | $1,199.85 | |
Jan, 2025 | 2 | $17.00 | $101.57 | $118.57 | $1,098.28 | |
Feb, 2025 | 3 | $15.56 | $103.01 | $118.57 | $995.28 | |
Mar, 2025 | 4 | $14.10 | $104.47 | $118.57 | $890.81 | |
Apr, 2025 | 5 | $12.62 | $105.95 | $118.57 | $784.86 | |
May, 2025 | 6 | $11.12 | $107.45 | $118.57 | $677.41 | |
Jun, 2025 | 7 | $9.60 | $108.97 | $118.57 | $568.45 | |
Jul, 2025 | 8 | $8.05 | $110.51 | $118.57 | $457.93 | |
Aug, 2025 | 9 | $6.49 | $112.08 | $118.57 | $345.85 | |
Sep, 2025 | 10 | $4.90 | $113.67 | $118.57 | $232.19 | |
Oct, 2025 | 11 | $3.29 | $115.28 | $118.57 | $116.91 | |
Nov, 2025 | 12 | $1.66 | $116.91 | $118.57 | $0.00 |
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