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Annual Percentage Rate (APR) Examples |
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| Principal Loan Amount Financed | $2,000 | $2,500 | |||
| Simple Interest Accrual Rate: | 6.80% | 6.80% | |||
| ANNUAL PERCENTAGE RATE (APR) The cost of your credit as a yearly rate would be: |
8.37% | 8.36% | |||
| FINANCE
CHARGE The dollar amount the credit would cost you is: |
$353.26 | $445.04 | |||
| TOTAL SALES PRICE/PAYMENTS Assuming no down payments, the amount you will have paid after you have made all payments as scheduled is: |
$2353.26 | $2945.04 | |||
| AMOUNT OF PAYMENTS |
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| 47 Payments in the amount of: | $50.00 | $62.00 | |||
| 1 Payment in the amount of: | $3.26 | $31.04 | |||
Interest Rate Calculation: |
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| Interest accrues at the rate of 6.80% per annum. | |||||
Terms of Repayment: |
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| Your computer loan will be scheduled for 48 monthly payments. | |||||
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