$7,500 loan at 9% for 7 years
Monthly payment
$120.67/mo
Total interest
$2,636
Total paid back
$10,136
Term
84 payments
Borrowing $7,500 at 9% APR over 7 years (84 monthly payments) means you pay $120.67 each month. Over the full term you repay $10,136 in total — that's $2,636 of interest on top of the $7,500 you borrowed.
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