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The monthly payment is $100.85 for a $1,100 loan with a 18% APR. The loan or credit card debt will cost $110.18 in interest payments for the first 12 months.
18% APR on $1100 Results |
|
APR |
18.0001% |
Total Financial Charges: |
$110.18 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,100.00 |
Loan Amount: |
$1,100.00 |
Monthly Payment: |
$100.85 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$110.18 |
Total Payment: |
$1,210.18 |
18% APR on $1100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $16.50 | $84.35 | $100.85 | $1,015.65 | |
Dec, 2024 | 2 | $15.23 | $85.61 | $100.85 | $930.04 | |
Jan, 2025 | 3 | $13.95 | $86.90 | $100.85 | $843.14 | |
Feb, 2025 | 4 | $12.65 | $88.20 | $100.85 | $754.94 | |
Mar, 2025 | 5 | $11.32 | $89.52 | $100.85 | $665.42 | |
Apr, 2025 | 6 | $9.98 | $90.87 | $100.85 | $574.55 | |
May, 2025 | 7 | $8.62 | $92.23 | $100.85 | $482.32 | |
Jun, 2025 | 8 | $7.23 | $93.61 | $100.85 | $388.71 | |
Jul, 2025 | 9 | $5.83 | $95.02 | $100.85 | $293.69 | |
Aug, 2025 | 10 | $4.41 | $96.44 | $100.85 | $197.25 | |
Sep, 2025 | 11 | $2.96 | $97.89 | $100.85 | $99.36 | |
Oct, 2025 | 12 | $1.49 | $99.36 | $100.85 | $0.00 |
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