$7,500 loan at 10% for 7 years
Monthly payment
$124.51/mo
Total interest
$2,959
Total paid back
$10,459
Term
84 payments
Borrowing $7,500 at 10% APR over 7 years (84 monthly payments) means you pay $124.51 each month. Over the full term you repay $10,459 in total — that's $2,959 of interest on top of the $7,500 you borrowed.
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