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The monthly payment is $104.55 for a $1,100 loan with a 25% APR. The loan or credit card debt will cost $154.58 in interest payments for the first 12 months.
25% APR on $1100 Results |
|
APR |
25.0004% |
Total Financial Charges: |
$154.58 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,100.00 |
Loan Amount: |
$1,100.00 |
Monthly Payment: |
$104.55 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$154.58 |
Total Payment: |
$1,254.58 |
25% APR on $1100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $22.92 | $81.63 | $104.55 | $1,018.37 | |
Dec, 2024 | 2 | $21.22 | $83.33 | $104.55 | $935.04 | |
Jan, 2025 | 3 | $19.48 | $85.07 | $104.55 | $849.97 | |
Feb, 2025 | 4 | $17.71 | $86.84 | $104.55 | $763.13 | |
Mar, 2025 | 5 | $15.90 | $88.65 | $104.55 | $674.48 | |
Apr, 2025 | 6 | $14.05 | $90.50 | $104.55 | $583.98 | |
May, 2025 | 7 | $12.17 | $92.38 | $104.55 | $491.60 | |
Jun, 2025 | 8 | $10.24 | $94.31 | $104.55 | $397.29 | |
Jul, 2025 | 9 | $8.28 | $96.27 | $104.55 | $301.02 | |
Aug, 2025 | 10 | $6.27 | $98.28 | $104.55 | $202.74 | |
Sep, 2025 | 11 | $4.22 | $100.32 | $104.55 | $102.41 | |
Oct, 2025 | 12 | $2.13 | $102.41 | $104.55 | $0.00 |
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