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If you have extra cash, what should you do with it...invest it or payoff your
debts? If it's high interest debt you have, you're almost always better off
paying down your debt. But often times, even if you have mortgage debt, you'd do
better to pay off that debt rather than invest the money otherwise. This
calculator will compute the total interest savings you'll get by adding
an additional amount to a regular debt payment. Compare that guaranteed
return to the return you could get by investing your money over the same period
of time to see if you should invest or payoff debt.
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Invest vs. Debt Payoff Calculator
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Enter the principal balance owed:
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Enter the annual interest rate:
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Enter the current monthly payment amount:
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Enter a monthly amount to add to the current payment:
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Total interest savings (Return on investment):
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Guaranteed Rate of Return:
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