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The monthly payment is $122.93 for a $1,300 loan with a 24% APR. The loan or credit card debt will cost $175.13 in interest payments for the first 12 months.
24% APR on $1300 Results |
|
APR |
23.9998% |
Total Financial Charges: |
$175.13 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$122.93 |
Total # Of Payments: |
12 |
Start Date: |
Jan, 2025 |
Payoff Date: |
Dec, 2025 |
Total Interest Paid: |
$175.13 |
Total Payment: |
$1,475.13 |
24% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Jan, 2025 | 1 | $26.00 | $96.93 | $122.93 | $1,203.07 | |
Feb, 2025 | 2 | $24.06 | $98.87 | $122.93 | $1,104.21 | |
Mar, 2025 | 3 | $22.08 | $100.84 | $122.93 | $1,003.36 | |
Apr, 2025 | 4 | $20.07 | $102.86 | $122.93 | $900.50 | |
May, 2025 | 5 | $18.01 | $104.92 | $122.93 | $795.59 | |
Jun, 2025 | 6 | $15.91 | $107.02 | $122.93 | $688.57 | |
Jul, 2025 | 7 | $13.77 | $109.16 | $122.93 | $579.41 | |
Aug, 2025 | 8 | $11.59 | $111.34 | $122.93 | $468.07 | |
Sep, 2025 | 9 | $9.36 | $113.57 | $122.93 | $354.51 | |
Oct, 2025 | 10 | $7.09 | $115.84 | $122.93 | $238.67 | |
Nov, 2025 | 11 | $4.77 | $118.15 | $122.93 | $120.52 | |
Dec, 2025 | 12 | $2.41 | $120.52 | $122.93 | $0.00 |
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