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The monthly payment is $9.17 for a $100 loan with a 18% APR. The loan or credit card debt will cost $10.02 in interest payments for the first 12 months.
18% APR on $100 Results |
|
APR |
17.9824% |
Total Financial Charges: |
$10.02 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$9.17 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$10.02 |
Total Payment: |
$110.02 |
18% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $1.50 | $7.67 | $9.17 | $92.33 | |
Nov, 2024 | 2 | $1.38 | $7.78 | $9.17 | $84.55 | |
Dec, 2024 | 3 | $1.27 | $7.90 | $9.17 | $76.65 | |
Jan, 2025 | 4 | $1.15 | $8.02 | $9.17 | $68.63 | |
Feb, 2025 | 5 | $1.03 | $8.14 | $9.17 | $60.49 | |
Mar, 2025 | 6 | $0.91 | $8.26 | $9.17 | $52.23 | |
Apr, 2025 | 7 | $0.78 | $8.38 | $9.17 | $43.85 | |
May, 2025 | 8 | $0.66 | $8.51 | $9.17 | $35.34 | |
Jun, 2025 | 9 | $0.53 | $8.64 | $9.17 | $26.70 | |
Jul, 2025 | 10 | $0.40 | $8.77 | $9.17 | $17.93 | |
Aug, 2025 | 11 | $0.27 | $8.90 | $9.17 | $9.03 | |
Sep, 2025 | 12 | $0.14 | $9.03 | $9.17 | $0.00 |
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