Minimum Payment Calculator
This calculator is a minimum payment calculator. It will tell you the amount of interest you will end up paying if you only made the minimum payment on your credit card bills; assuming that you stop charging.
This calculator will tell you how many minimum payments you will have to make before your balance is paid off.
Note: Somewhere in your credit card disclosure statement the card company will tell you "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Row #3 and Row #4 respectively.
Use only numbers and decimal points
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Minimum Payment Calculator - Calculate the amount of interest that you will end up paying if you only made the minimum payments on your monthly credit cards.
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