$13 thousand loan for 1 year - calculate:
Calculate payments: $13 thousand loan, 1 year term.
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
||
| $13000, 2%, 1 year | $1105 | $13260 | $260 | ||
| $13000, 3%, 1 year | $1116 | $13390 | $390 | ||
| $13000, 3.2%, 1 year | $1118 | $13416 | $416 | ||
| $13000, 3.5%, 1 year | $1121 | $13455 | $455 | ||
| $13000, 9%, 1 year | $1181 | $14170 | $1170 | ||
$13 thousand loan for 8 months, 14 months, or 18 months:
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
| $13 thousand, 3%, 8 months | $1658 | $13260 | $260 |
| $13 thousand, 3.2%, 14 months | $963 | $13485 | $485 |
| $13 thousand, 3.2%, 18 months | $757 | $13624 | $624 |
Calculations applicable for many banks: Bank of America, Goldman Sachs Group, U.S. Bancorp, The Bank of New York Mellon, etc.