$7,500 loan at 10% for 3 years
Monthly payment
$242.00/mo
Total interest
$1,212
Total paid back
$8,712
Term
36 payments
Borrowing $7,500 at 10% APR over 3 years (36 monthly payments) means you pay $242.00 each month. Over the full term you repay $8,712 in total — that's $1,212 of interest on top of the $7,500 you borrowed.
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