$3,000 loan at 10% for 30 years
Monthly payment
$26.33/mo
Total interest
$6,478
Total paid back
$9,478
Term
360 payments
Borrowing $3,000 at 10% APR over 30 years (360 monthly payments) means you pay $26.33 each month. Over the full term you repay $9,478 in total — that's $6,478 of interest on top of the $3,000 you borrowed.
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