What is the monthly payment on a $75,000 loan at 15% for 3 years?
Answer
$2,600/month
Monthly payment: $2,600Total interest: $18,596Total cost: $93,59636 monthly payments
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How We Calculated This
M = P × [r(1+r)^n] / [(1+r)^n - 1]
P=$75,000, r=15%/12=1.2500%, n=36. M = $2,600
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Calculated using verified formulas. Last updated March 2026.