$10,000 loan at 10% for 5 years
Monthly payment
$212.47/mo
Total interest
$2,748
Total paid back
$12,748
Term
60 payments
Borrowing $10,000 at 10% APR over 5 years (60 monthly payments) means you pay $212.47 each month. Over the full term you repay $12,748 in total — that's $2,748 of interest on top of the $10,000 you borrowed.
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