| What you are comparing | In this illustration |
|---|---|
| Starting balance at zero interest | $10,000 |
| First eleven payments | $833.33 each |
| Final payment | $833.37 |
| Why it differs | The last payment accounts for rounding to cents. |
$10,000 − (11 × $833.33) = $833.37
Check the cents at the finish
Eleven payments of $833.33 total $9,166.63. Subtracting that total from $10,000 leaves $833.37. Paying $833.33 twelve times would leave four cents unpaid.
The final adjustment here is rounding at zero interest. An actual payoff quote can differ for other reasons, including accrued interest or fees; ask for the date through which the quote is valid.
This is a saved illustration with stated assumptions, not an offer or prediction for your circumstances. The full calculation and original limitations are in the optional archive.
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