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The monthly payment is $114.05 for a $1,200 loan with a 24.99% APR. The loan or credit card debt will cost $168.57 in interest payments for the first 12 months.
24.99% APR on $1200 Results |
|
APR |
24.9901% |
Total Financial Charges: |
$168.57 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,200.00 |
Loan Amount: |
$1,200.00 |
Monthly Payment: |
$114.05 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$168.57 |
Total Payment: |
$1,368.57 |
24.99% APR on $1200 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $24.99 | $89.06 | $114.05 | $1,110.94 | |
Jan, 2025 | 2 | $23.14 | $90.91 | $114.05 | $1,020.03 | |
Feb, 2025 | 3 | $21.24 | $92.81 | $114.05 | $927.23 | |
Mar, 2025 | 4 | $19.31 | $94.74 | $114.05 | $832.49 | |
Apr, 2025 | 5 | $17.34 | $96.71 | $114.05 | $735.78 | |
May, 2025 | 6 | $15.32 | $98.72 | $114.05 | $637.05 | |
Jun, 2025 | 7 | $13.27 | $100.78 | $114.05 | $536.27 | |
Jul, 2025 | 8 | $11.17 | $102.88 | $114.05 | $433.39 | |
Aug, 2025 | 9 | $9.03 | $105.02 | $114.05 | $328.37 | |
Sep, 2025 | 10 | $6.84 | $107.21 | $114.05 | $221.16 | |
Oct, 2025 | 11 | $4.61 | $109.44 | $114.05 | $111.72 | |
Nov, 2025 | 12 | $2.33 | $111.72 | $114.05 | $0.00 |
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