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The monthly payment is $165.02 for a $1,800 loan with a 18% APR. The loan or credit card debt will cost $180.29 in interest payments for the first 12 months.
18% APR on $1800 Results |
|
APR |
18.0001% |
Total Financial Charges: |
$180.29 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,800.00 |
Loan Amount: |
$1,800.00 |
Monthly Payment: |
$165.02 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$180.29 |
Total Payment: |
$1,980.29 |
18% APR on $1800 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $27.00 | $138.02 | $165.02 | $1,661.98 | |
Dec, 2024 | 2 | $24.93 | $140.09 | $165.02 | $1,521.88 | |
Jan, 2025 | 3 | $22.83 | $142.20 | $165.02 | $1,379.69 | |
Feb, 2025 | 4 | $20.70 | $144.33 | $165.02 | $1,235.36 | |
Mar, 2025 | 5 | $18.53 | $146.49 | $165.02 | $1,088.86 | |
Apr, 2025 | 6 | $16.33 | $148.69 | $165.02 | $940.17 | |
May, 2025 | 7 | $14.10 | $150.92 | $165.02 | $789.25 | |
Jun, 2025 | 8 | $11.84 | $153.19 | $165.02 | $636.07 | |
Jul, 2025 | 9 | $9.54 | $155.48 | $165.02 | $480.58 | |
Aug, 2025 | 10 | $7.21 | $157.82 | $165.02 | $322.77 | |
Sep, 2025 | 11 | $4.84 | $160.18 | $165.02 | $162.59 | |
Oct, 2025 | 12 | $2.44 | $162.59 | $165.02 | $0.00 |
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