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The monthly payment is $9.46 for a $100 loan with a 24% APR. The loan or credit card debt will cost $13.47 in interest payments for the first 12 months.
24% APR on $100 Results |
|
APR |
23.9964% |
Total Financial Charges: |
$13.47 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$9.46 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$13.47 |
Total Payment: |
$113.47 |
24% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $2.00 | $7.46 | $9.46 | $92.54 | |
Nov, 2024 | 2 | $1.85 | $7.61 | $9.46 | $84.94 | |
Dec, 2024 | 3 | $1.70 | $7.76 | $9.46 | $77.18 | |
Jan, 2025 | 4 | $1.54 | $7.91 | $9.46 | $69.27 | |
Feb, 2025 | 5 | $1.39 | $8.07 | $9.46 | $61.20 | |
Mar, 2025 | 6 | $1.22 | $8.23 | $9.46 | $52.97 | |
Apr, 2025 | 7 | $1.06 | $8.40 | $9.46 | $44.57 | |
May, 2025 | 8 | $0.89 | $8.56 | $9.46 | $36.01 | |
Jun, 2025 | 9 | $0.72 | $8.74 | $9.46 | $27.27 | |
Jul, 2025 | 10 | $0.55 | $8.91 | $9.46 | $18.36 | |
Aug, 2025 | 11 | $0.37 | $9.09 | $9.46 | $9.27 | |
Sep, 2025 | 12 | $0.19 | $9.27 | $9.46 | $0.00 |
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