Use this calculator to determine
just how me a loan will cost you.
Your interest rate per period is 0.5833 % for 12 total periods ( 1.0000 years)
Period |
Years |
Balance |
Interest |
Principal |
1 |
0.083 |
1000.00 |
5.83 |
-5.83 |
2 |
0.167 |
1005.83 |
5.87 |
-5.87 |
3 |
0.250 |
1011.70 |
5.90 |
-5.90 |
4 |
0.333 |
1017.60 |
5.94 |
-5.94 |
5 |
0.417 |
1023.54 |
5.97 |
-5.97 |
6 |
0.500 |
1029.51 |
6.01 |
-6.01 |
7 |
0.583 |
1035.52 |
6.04 |
-6.04 |
8 |
0.667 |
1041.56 |
6.08 |
-6.08 |
9 |
0.750 |
1047.64 |
6.11 |
-6.11 |
10 |
0.833 |
1053.75 |
6.15 |
-6.15 |
11 |
0.917 |
1059.90 |
6.18 |
-6.18 |
12 |
1.000 |
1066.08 |
6.22 |
-6.22 |
13 |
1.083 |
1072.30 |
6.26 |
-6.26 |
Total Payments: $ 0.00
Total Interest $ 78.56
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