$30,000 loan at 9% for 3 years
Monthly payment
$953.99/mo
Total interest
$4,344
Total paid back
$34,344
Term
36 payments
Borrowing $30,000 at 9% APR over 3 years (36 monthly payments) means you pay $953.99 each month. Over the full term you repay $34,344 in total — that's $4,344 of interest on top of the $30,000 you borrowed.
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