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The monthly payment is $141.84 for a $1,500 loan with a 24% APR. The loan or credit card debt will cost $202.07 in interest payments for the first 12 months.
24% APR on $1500 Results |
|
APR |
23.9998% |
Total Financial Charges: |
$202.07 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,500.00 |
Loan Amount: |
$1,500.00 |
Monthly Payment: |
$141.84 |
Total # Of Payments: |
12 |
Start Date: |
Jan, 2025 |
Payoff Date: |
Dec, 2025 |
Total Interest Paid: |
$202.07 |
Total Payment: |
$1,702.07 |
24% APR on $1500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Jan, 2025 | 1 | $30.00 | $111.84 | $141.84 | $1,388.16 | |
Feb, 2025 | 2 | $27.76 | $114.08 | $141.84 | $1,274.08 | |
Mar, 2025 | 3 | $25.48 | $116.36 | $141.84 | $1,157.73 | |
Apr, 2025 | 4 | $23.15 | $118.68 | $141.84 | $1,039.04 | |
May, 2025 | 5 | $20.78 | $121.06 | $141.84 | $917.98 | |
Jun, 2025 | 6 | $18.36 | $123.48 | $141.84 | $794.50 | |
Jul, 2025 | 7 | $15.89 | $125.95 | $141.84 | $668.55 | |
Aug, 2025 | 8 | $13.37 | $128.47 | $141.84 | $540.09 | |
Sep, 2025 | 9 | $10.80 | $131.04 | $141.84 | $409.05 | |
Oct, 2025 | 10 | $8.18 | $133.66 | $141.84 | $275.39 | |
Nov, 2025 | 11 | $5.51 | $136.33 | $141.84 | $139.06 | |
Dec, 2025 | 12 | $2.78 | $139.06 | $141.84 | $0.00 |
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