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Display Only Version

The following Credit Card Minimum Payment Interest Calculator V2 is a Display Only Version for the purpose of showing you the inputs, outputs and layout of the calculator.

To access a working copy of the Credit Card Minimum Payment Interest Calculator V2, or any of our other 140 commercial website calculators, please visit our Commercial Calculator Center.

This calculator will help your website's users to answer the question ... How much interest will I end up paying, and how much will I forego in interest earnings if I make on the minimum payment on my credit card bill?

Credit Card Minimum Payment Interest Calculator V2
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 -- that is, assuming you stop charging any more to it. After seeing the shocking figures this calculator will generate, I doubt you'll want to continue allowing the credit card companies to build your swimming pool in their backyards. And as you will see from the calculated results, it's not just the interest charges you're losing, you're also losing the interest you could be earning on those charges if you were investing them rather than paying them to the credit card company!
Enter the dollar amount charged:
Enter the annual interest rate:
(3) Enter the minimum percent payment amount:
(4) Enter the minimum dollar payment amount:

Total interest charges you will pay:
Total number of payments you will make:
Total number of years until debt is paid off:
Estimated foregone interest earnings:
Total Estimated Opportunity Cost:
Summary:

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Contact: Dan Peterson
P.O. Box 11
Bemidji, MN 56619
(218) 243-2263