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The monthly payment is $9.65 for a $100 loan with a 27.99% APR. The loan or credit card debt will cost $15.80 in interest payments for the first 12 months.
27.99% APR on $100 Results |
|
APR |
27.9873% |
Total Financial Charges: |
$15.80 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$100.00 |
Loan Amount: |
$100.00 |
Monthly Payment: |
$9.65 |
Total # Of Payments: |
12 |
Start Date: |
Oct, 2024 |
Payoff Date: |
Sep, 2025 |
Total Interest Paid: |
$15.80 |
Total Payment: |
$115.80 |
27.99% APR on $100 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Oct, 2024 | 1 | $2.33 | $7.32 | $9.65 | $92.68 | |
Nov, 2024 | 2 | $2.16 | $7.49 | $9.65 | $85.19 | |
Dec, 2024 | 3 | $1.99 | $7.66 | $9.65 | $77.53 | |
Jan, 2025 | 4 | $1.81 | $7.84 | $9.65 | $69.69 | |
Feb, 2025 | 5 | $1.63 | $8.02 | $9.65 | $61.66 | |
Mar, 2025 | 6 | $1.44 | $8.21 | $9.65 | $53.45 | |
Apr, 2025 | 7 | $1.25 | $8.40 | $9.65 | $45.05 | |
May, 2025 | 8 | $1.05 | $8.60 | $9.65 | $36.45 | |
Jun, 2025 | 9 | $0.85 | $8.80 | $9.65 | $27.65 | |
Jul, 2025 | 10 | $0.64 | $9.01 | $9.65 | $18.65 | |
Aug, 2025 | 11 | $0.43 | $9.22 | $9.65 | $9.43 | |
Sep, 2025 | 12 | $0.22 | $9.43 | $9.65 | $0.00 |
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