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The monthly payment is $125.45 for a $1,300 loan with a 27.99% APR. The loan or credit card debt will cost $205.42 in interest payments for the first 12 months.
27.99% APR on $1300 Results |
|
APR |
27.9913% |
Total Financial Charges: |
$205.42 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$125.45 |
Total # Of Payments: |
12 |
Start Date: |
Dec, 2024 |
Payoff Date: |
Nov, 2025 |
Total Interest Paid: |
$205.42 |
Total Payment: |
$1,505.42 |
27.99% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Dec, 2024 | 1 | $30.32 | $95.13 | $125.45 | $1,204.87 | |
Jan, 2025 | 2 | $28.10 | $97.35 | $125.45 | $1,107.52 | |
Feb, 2025 | 3 | $25.83 | $99.62 | $125.45 | $1,007.90 | |
Mar, 2025 | 4 | $23.51 | $101.94 | $125.45 | $905.96 | |
Apr, 2025 | 5 | $21.13 | $104.32 | $125.45 | $801.64 | |
May, 2025 | 6 | $18.70 | $106.75 | $125.45 | $694.89 | |
Jun, 2025 | 7 | $16.21 | $109.24 | $125.45 | $585.65 | |
Jul, 2025 | 8 | $13.66 | $111.79 | $125.45 | $473.86 | |
Aug, 2025 | 9 | $11.05 | $114.40 | $125.45 | $359.46 | |
Sep, 2025 | 10 | $8.38 | $117.07 | $125.45 | $242.39 | |
Oct, 2025 | 11 | $5.65 | $119.80 | $125.45 | $122.59 | |
Nov, 2025 | 12 | $2.86 | $122.59 | $125.45 | $0.00 |
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