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The monthly payment is $126.09 for a $1,300 loan with a 29% APR. The loan or credit card debt will cost $213.14 in interest payments for the first 12 months.
29% APR on $1300 Results |
|
APR |
28.9997% |
Total Financial Charges: |
$213.14 |
Total Financing Fees: |
$0.00 |
Financed Amount: |
$1,300.00 |
Loan Amount: |
$1,300.00 |
Monthly Payment: |
$126.09 |
Total # Of Payments: |
12 |
Start Date: |
Jan, 2025 |
Payoff Date: |
Dec, 2025 |
Total Interest Paid: |
$213.14 |
Total Payment: |
$1,513.14 |
29% APR on $1300 Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Jan, 2025 | 1 | $31.42 | $94.68 | $126.09 | $1,205.32 | |
Feb, 2025 | 2 | $29.13 | $96.97 | $126.09 | $1,108.36 | |
Mar, 2025 | 3 | $26.79 | $99.31 | $126.09 | $1,009.05 | |
Apr, 2025 | 4 | $24.39 | $101.71 | $126.09 | $907.34 | |
May, 2025 | 5 | $21.93 | $104.17 | $126.09 | $803.17 | |
Jun, 2025 | 6 | $19.41 | $106.68 | $126.09 | $696.49 | |
Jul, 2025 | 7 | $16.83 | $109.26 | $126.09 | $587.22 | |
Aug, 2025 | 8 | $14.19 | $111.90 | $126.09 | $475.32 | |
Sep, 2025 | 9 | $11.49 | $114.61 | $126.09 | $360.71 | |
Oct, 2025 | 10 | $8.72 | $117.38 | $126.09 | $243.33 | |
Nov, 2025 | 11 | $5.88 | $120.21 | $126.09 | $123.12 | |
Dec, 2025 | 12 | $2.98 | $123.12 | $126.09 | $0.00 |
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