$10,000 loan at 9% for 15 years
Monthly payment
$101.43/mo
Total interest
$8,257
Total paid back
$18,257
Term
180 payments
Borrowing $10,000 at 9% APR over 15 years (180 monthly payments) means you pay $101.43 each month. Over the full term you repay $18,257 in total — that's $8,257 of interest on top of the $10,000 you borrowed.
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