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How Much is 18% APR on $300?
The monthly payment is $27.50 for a $300 loan with a 18% APR. The loan or credit card debt will cost $30.05 in interest payments for the first 12 months.
18% APR on $300 Results |
|
APR |
18.0026% |
Total Financial Charges: |
$30.05 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$300.00 |
Loan Amount: |
$300.00 |
Monthly Payment: |
$27.50 |
Total # Of Payments: |
12 |
Start Date: |
May, 2024 |
Payoff Date: |
Apr, 2025 |
Total Interest Paid: |
$30.05 |
Total Payment: |
$330.05 |
18% APR on $300 Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| May, 2024 | 1 | $4.50 | $23.00 | $27.50 | $277.00 | |
| Jun, 2024 | 2 | $4.15 | $23.35 | $27.50 | $253.65 | |
| Jul, 2024 | 3 | $3.80 | $23.70 | $27.50 | $229.95 | |
| Aug, 2024 | 4 | $3.45 | $24.05 | $27.50 | $205.89 | |
| Sep, 2024 | 5 | $3.09 | $24.42 | $27.50 | $181.48 | |
| Oct, 2024 | 6 | $2.72 | $24.78 | $27.50 | $156.70 | |
| Nov, 2024 | 7 | $2.35 | $25.15 | $27.50 | $131.54 | |
| Dec, 2024 | 8 | $1.97 | $25.53 | $27.50 | $106.01 | |
| Jan, 2025 | 9 | $1.59 | $25.91 | $27.50 | $80.10 | |
| Feb, 2025 | 10 | $1.20 | $26.30 | $27.50 | $53.79 | |
| Mar, 2025 | 11 | $0.81 | $26.70 | $27.50 | $27.10 | |
| Apr, 2025 | 12 | $0.41 | $27.10 | $27.50 | $0.00 | |
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