$5,000 loan at 9% for 25 years
Monthly payment
$41.96/mo
Total interest
$7,588
Total paid back
$12,588
Term
300 payments
Borrowing $5,000 at 9% APR over 25 years (300 monthly payments) means you pay $41.96 each month. Over the full term you repay $12,588 in total — that's $7,588 of interest on top of the $5,000 you borrowed.
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