Credit Card Minimum Payment Interest Calculator
This
calculator will show you how much interest you will end up paying
if you make only the minimum required payment on your credit card
bill. It will also tell you how many minimum payments you will
make before your balance is paid off (up to a maximum of 600 payments).
Somewhere
in your credit card disclosure statement the card company will
tell you something like "your minimum payment will be 2%
of the balance or $10, whichever is higher. These are the figures
you will enter in Column C and Column D respectively.
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