You are viewing a single comment's thread from:RE: LeoThread 2025-04-28 21:50View the full contextmetzli (68)in LeoFinance • 8 months ago #askleo If I have 15,000 in debt and I get charged 8% interest, how much do I have to pay per month to pay it off in 36 months?
Calculating Monthly Payments
To calculate the monthly payment, we can use a loan repayment formula.
Given:
Using a loan calculator or creating a custom formula, we find:
So, to pay off the debt in 36 months, you would need to pay around $473.64 per month.
This calculation assumes the interest rate remains constant over the repayment period and that payments are made at the end of each month.
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