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The monthly payment is $57.32 for a $600 loan with a 26% APR. The loan or credit card debt will cost $87.82 in interest payments for the first 12 months.
26% APR on $600 Results |
|
APR |
25.9973% |
Total Financial Charges: |
$87.82 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$600.00 |
Loan Amount: |
$600.00 |
Monthly Payment: |
$57.32 |
Total # Of Payments: |
12 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2025 |
Total Interest Paid: |
$87.82 |
Total Payment: |
$687.82 |
26% APR on $600 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $13.00 | $44.32 | $57.32 | $555.68 | |
Dec, 2024 | 2 | $12.04 | $45.28 | $57.32 | $510.40 | |
Jan, 2025 | 3 | $11.06 | $46.26 | $57.32 | $464.14 | |
Feb, 2025 | 4 | $10.06 | $47.26 | $57.32 | $416.88 | |
Mar, 2025 | 5 | $9.03 | $48.29 | $57.32 | $368.60 | |
Apr, 2025 | 6 | $7.99 | $49.33 | $57.32 | $319.27 | |
May, 2025 | 7 | $6.92 | $50.40 | $57.32 | $268.86 | |
Jun, 2025 | 8 | $5.83 | $51.49 | $57.32 | $217.37 | |
Jul, 2025 | 9 | $4.71 | $52.61 | $57.32 | $164.76 | |
Aug, 2025 | 10 | $3.57 | $53.75 | $57.32 | $111.02 | |
Sep, 2025 | 11 | $2.41 | $54.91 | $57.32 | $56.10 | |
Oct, 2025 | 12 | $1.22 | $56.10 | $57.32 | $0.00 |
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