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With this calculator you can figure out how much of your next credit card
payment will go toward interest, and what will go toward your principle balance.
Notice that if you make a higher payment, more of your payment will go toward
the principle and less to interest. AND, a higher payment will reduce
your total interest charges and number of payments. You should aim to
make payments as high as possible to avoid the excessive interest charges.
Simply enter your balance, interest rate, and monthly payment amount and click Compute.
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Credit Card Principle vs. Interest Calculator
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Enter the current balance on your credit card:
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Enter annual interest rate (APR):
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Enter the amount you are currently paying per month:
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Portion of next payment that will be applied to the principal:
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Portion of next payment this will go to pay interest charges:
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Total interest charges:
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Number of monthly payments:
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Total number of years:
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