You owe $1,565.89 on a credit card with a 15.75% APR.
The amount of interest due at the end of the first month is $20.55.
You make a payment of $560.00 at the end of the first month.
Your principal balance for the beginning of the second month is $1,026.44.
The amount of Interest due at the end of the second month is $13.47.
20
Month
Principal
Interest accrued
yment (on due date)
Endo not beende