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The monthly payment is $9.50 for a $100 loan with a 25% APR. The loan or credit card debt will cost $14.05 in interest payments for the first 12 months.
25% APR on $100 Results |
|
APR |
25.0040% |
Total Financial Charges: |
$14.05 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$9.50 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$14.05 |
Total Payment: |
$114.05 |
25% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $2.08 | $7.42 | $9.50 | $92.58 | |
Nov, 2024 | 2 | $1.93 | $7.58 | $9.50 | $85.00 | |
Dec, 2024 | 3 | $1.77 | $7.73 | $9.50 | $77.27 | |
Jan, 2025 | 4 | $1.61 | $7.89 | $9.50 | $69.38 | |
Feb, 2025 | 5 | $1.45 | $8.06 | $9.50 | $61.32 | |
Mar, 2025 | 6 | $1.28 | $8.23 | $9.50 | $53.09 | |
Apr, 2025 | 7 | $1.11 | $8.40 | $9.50 | $44.69 | |
May, 2025 | 8 | $0.93 | $8.57 | $9.50 | $36.12 | |
Jun, 2025 | 9 | $0.75 | $8.75 | $9.50 | $27.37 | |
Jul, 2025 | 10 | $0.57 | $8.93 | $9.50 | $18.43 | |
Aug, 2025 | 11 | $0.38 | $9.12 | $9.50 | $9.31 | |
Sep, 2025 | 12 | $0.19 | $9.31 | $9.50 | $0.00 |
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