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The monthly payment is $142.57 for a $1,500 loan with a 25% APR. The loan or credit card debt will cost $210.80 in interest payments for the first 12 months.
25% APR on $1500 Results |
|
APR |
25.0004% |
Total Financial Charges: |
$210.80 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,500.00 |
Loan Amount: |
$1,500.00 |
Monthly Payment: |
$142.57 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$210.80 |
Total Payment: |
$1,710.80 |
25% APR on $1500 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $31.25 | $111.32 | $142.57 | $1,388.68 | |
Dec, 2024 | 2 | $28.93 | $113.64 | $142.57 | $1,275.05 | |
Jan, 2025 | 3 | $26.56 | $116.00 | $142.57 | $1,159.05 | |
Feb, 2025 | 4 | $24.15 | $118.42 | $142.57 | $1,040.63 | |
Mar, 2025 | 5 | $21.68 | $120.89 | $142.57 | $919.74 | |
Apr, 2025 | 6 | $19.16 | $123.41 | $142.57 | $796.33 | |
May, 2025 | 7 | $16.59 | $125.98 | $142.57 | $670.36 | |
Jun, 2025 | 8 | $13.97 | $128.60 | $142.57 | $541.76 | |
Jul, 2025 | 9 | $11.29 | $131.28 | $142.57 | $410.48 | |
Aug, 2025 | 10 | $8.55 | $134.01 | $142.57 | $276.46 | |
Sep, 2025 | 11 | $5.76 | $136.81 | $142.57 | $139.66 | |
Oct, 2025 | 12 | $2.91 | $139.66 | $142.57 | $0.00 |
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