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What is the monthly payment on a $100,000 loan at 9% for 3 years?

Answer
$3,180/month
Monthly payment: $3,180Total interest: $14,479Total cost: $114,47936 monthly payments

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How We Calculated This

M = P × [r(1+r)^n] / [(1+r)^n - 1]

P=$100,000, r=9%/12=0.7500%, n=36. M = $3,180

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Calculated using verified formulas. Last updated March 2026.