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The monthly payment is $236.40 for a $2,500 loan with a 24% APR. The loan or credit card debt will cost $336.79 in interest payments for the first 12 months.
24% APR on $2500 Results |
|
APR |
23.9998% |
Total Financial Charges: |
$336.79 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$2,500.00 |
Loan Amount: |
$2,500.00 |
Monthly Payment: |
$236.40 |
Total # Of Payments: |
12 |
Start Date: |
Mar, 2025 |
Payoff Date: |
Feb, 2026 |
Total Interest Paid: |
$336.79 |
Total Payment: |
$2,836.79 |
24% APR on $2500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Mar, 2025 | 1 | $50.00 | $186.40 | $236.40 | $2,313.60 | |
Apr, 2025 | 2 | $46.27 | $190.13 | $236.40 | $2,123.47 | |
May, 2025 | 3 | $42.47 | $193.93 | $236.40 | $1,929.54 | |
Jun, 2025 | 4 | $38.59 | $197.81 | $236.40 | $1,731.74 | |
Jul, 2025 | 5 | $34.63 | $201.76 | $236.40 | $1,529.97 | |
Aug, 2025 | 6 | $30.60 | $205.80 | $236.40 | $1,324.17 | |
Sep, 2025 | 7 | $26.48 | $209.92 | $236.40 | $1,114.26 | |
Oct, 2025 | 8 | $22.29 | $214.11 | $236.40 | $900.14 | |
Nov, 2025 | 9 | $18.00 | $218.40 | $236.40 | $681.75 | |
Dec, 2025 | 10 | $13.63 | $222.76 | $236.40 | $458.98 | |
Jan, 2026 | 11 | $9.18 | $227.22 | $236.40 | $231.76 | |
Feb, 2026 | 12 | $4.64 | $231.76 | $236.40 | $0.00 |
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