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The monthly payment is $114.05 for a $1,200 loan with a 25% APR. The loan or credit card debt will cost $168.64 in interest payments for the first 12 months.
25% APR on $1200 Results |
|
APR |
25.0004% |
Total Financial Charges: |
$168.64 |
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: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$168.64 |
Total Payment: |
$1,368.64 |
25% APR on $1200 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $25.00 | $89.05 | $114.05 | $1,110.95 | |
Dec, 2024 | 2 | $23.14 | $90.91 | $114.05 | $1,020.04 | |
Jan, 2025 | 3 | $21.25 | $92.80 | $114.05 | $927.24 | |
Feb, 2025 | 4 | $19.32 | $94.74 | $114.05 | $832.50 | |
Mar, 2025 | 5 | $17.34 | $96.71 | $114.05 | $735.79 | |
Apr, 2025 | 6 | $15.33 | $98.72 | $114.05 | $637.07 | |
May, 2025 | 7 | $13.27 | $100.78 | $114.05 | $536.29 | |
Jun, 2025 | 8 | $11.17 | $102.88 | $114.05 | $433.41 | |
Jul, 2025 | 9 | $9.03 | $105.02 | $114.05 | $328.38 | |
Aug, 2025 | 10 | $6.84 | $107.21 | $114.05 | $221.17 | |
Sep, 2025 | 11 | $4.61 | $109.45 | $114.05 | $111.73 | |
Oct, 2025 | 12 | $2.33 | $111.73 | $114.05 | $0.00 |
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