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How Much is 18% APR on $1500?
The monthly payment is $137.52 for a $1,500 loan with a 18% APR. The loan or credit card debt will cost $150.24 in interest payments for the first 12 months.
18% APR on $1500 Results |
|
APR |
18.0001% |
Total Financial Charges: |
$150.24 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,500.00 |
Loan Amount: |
$1,500.00 |
Monthly Payment: |
$137.52 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$150.24 |
Total Payment: |
$1,650.24 |
18% APR on $1500 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Nov, 2024 | 1 | $22.50 | $115.02 | $137.52 | $1,384.98 | |
| Dec, 2024 | 2 | $20.77 | $116.75 | $137.52 | $1,268.23 | |
| Jan, 2025 | 3 | $19.02 | $118.50 | $137.52 | $1,149.74 | |
| Feb, 2025 | 4 | $17.25 | $120.27 | $137.52 | $1,029.46 | |
| Mar, 2025 | 5 | $15.44 | $122.08 | $137.52 | $907.39 | |
| Apr, 2025 | 6 | $13.61 | $123.91 | $137.52 | $783.48 | |
| May, 2025 | 7 | $11.75 | $125.77 | $137.52 | $657.71 | |
| Jun, 2025 | 8 | $9.87 | $127.65 | $137.52 | $530.05 | |
| Jul, 2025 | 9 | $7.95 | $129.57 | $137.52 | $400.49 | |
| Aug, 2025 | 10 | $6.01 | $131.51 | $137.52 | $268.97 | |
| Sep, 2025 | 11 | $4.03 | $133.49 | $137.52 | $135.49 | |
| Oct, 2025 | 12 | $2.03 | $135.49 | $137.52 | $0.00 | |
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