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The monthly payment is $124.19 for a $1,300 loan with a 26% APR. The loan or credit card debt will cost $190.27 in interest payments for the first 12 months.
26% APR on $1300 Results |
|
APR |
26.0010% |
Total Financial Charges: |
$190.27 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$124.19 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$190.27 |
Total Payment: |
$1,490.27 |
26% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $28.17 | $96.02 | $124.19 | $1,203.98 | |
Dec, 2024 | 2 | $26.09 | $98.10 | $124.19 | $1,105.87 | |
Jan, 2025 | 3 | $23.96 | $100.23 | $124.19 | $1,005.65 | |
Feb, 2025 | 4 | $21.79 | $102.40 | $124.19 | $903.25 | |
Mar, 2025 | 5 | $19.57 | $104.62 | $124.19 | $798.63 | |
Apr, 2025 | 6 | $17.30 | $106.89 | $124.19 | $691.74 | |
May, 2025 | 7 | $14.99 | $109.20 | $124.19 | $582.54 | |
Jun, 2025 | 8 | $12.62 | $111.57 | $124.19 | $470.97 | |
Jul, 2025 | 9 | $10.20 | $113.98 | $124.19 | $356.99 | |
Aug, 2025 | 10 | $7.73 | $116.45 | $124.19 | $240.53 | |
Sep, 2025 | 11 | $5.21 | $118.98 | $124.19 | $121.56 | |
Oct, 2025 | 12 | $2.63 | $121.56 | $124.19 | $0.00 |
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