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The monthly payment is $123.56 for a $1,300 loan with a 25% APR. The loan or credit card debt will cost $182.69 in interest payments for the first 12 months.
25% APR on $1300 Results |
|
APR |
25.0004% |
Total Financial Charges: |
$182.69 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$123.56 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$182.69 |
Total Payment: |
$1,482.69 |
25% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $27.08 | $96.47 | $123.56 | $1,203.53 | |
Dec, 2024 | 2 | $25.07 | $98.48 | $123.56 | $1,105.04 | |
Jan, 2025 | 3 | $23.02 | $100.54 | $123.56 | $1,004.51 | |
Feb, 2025 | 4 | $20.93 | $102.63 | $123.56 | $901.88 | |
Mar, 2025 | 5 | $18.79 | $104.77 | $123.56 | $797.11 | |
Apr, 2025 | 6 | $16.61 | $106.95 | $123.56 | $690.16 | |
May, 2025 | 7 | $14.38 | $109.18 | $123.56 | $580.98 | |
Jun, 2025 | 8 | $12.10 | $111.45 | $123.56 | $469.52 | |
Jul, 2025 | 9 | $9.78 | $113.78 | $123.56 | $355.75 | |
Aug, 2025 | 10 | $7.41 | $116.15 | $123.56 | $239.60 | |
Sep, 2025 | 11 | $4.99 | $118.57 | $123.56 | $121.04 | |
Oct, 2025 | 12 | $2.52 | $121.04 | $123.56 | $0.00 |
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