| 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. |