$3,000 loan at 9% for 15 years
Monthly payment
$30.43/mo
Total interest
$2,477
Total paid back
$5,477
Term
180 payments
Borrowing $3,000 at 9% APR over 15 years (180 monthly payments) means you pay $30.43 each month. Over the full term you repay $5,477 in total — that's $2,477 of interest on top of the $3,000 you borrowed.
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