$15,000 loan at 9% for 7 years
Monthly payment
$241.34/mo
Total interest
$5,272
Total paid back
$20,272
Term
84 payments
Borrowing $15,000 at 9% APR over 7 years (84 monthly payments) means you pay $241.34 each month. Over the full term you repay $20,272 in total — that's $5,272 of interest on top of the $15,000 you borrowed.
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