$125,000 loan at 10% for 5 years
Monthly payment
$2,655.88/mo
Total interest
$34,353
Total paid back
$159,353
Term
60 payments
Borrowing $125,000 at 10% APR over 5 years (60 monthly payments) means you pay $2,655.88 each month. Over the full term you repay $159,353 in total — that's $34,353 of interest on top of the $125,000 you borrowed.
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