Interest Calculator
See how much money you can save by putting in different rates...
Enter your information here:
Results:
Real World Exercise: Lets say you owe 1,200 and you have a non UCMS credit card with a high interest rate of 17.0%. Lets say you want to be debt free in two years. The calculator tells you that you need to budget about $60 bucks to pay off your loan.
The picture gets bad in a hurry if you owe 6,000 at 17% and three years because then your result is a whopping $213.91.
Your goal should be to never OWE more than three times what you can pay off in three months (0.25 years). 0.25 years, 17% interest and x for your loan amount give you the amount that you need to pay per month. Remember that money is a horrible master but a wonderful servant.
Home | Media | About Us | Credit Chat | Credit Seminar | Top Ten Credit Tips | Most Popular Search Items