| 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).
Instructions: 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. |
