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  • CC Manager

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    mr.rahulgoyal
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    This document outlines steps to analyze credit card debt repayment. It shows the user's current $8,000 balance at 18.75% interest with a $150 minimum payment. It then calculates that making only minimum payments would take 116 months to repay, while paying $250 per month would take 45 months, and paying $513 per month would repay the balance in the user's goal of 18 months.

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    Credit Card Manager

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    This document outlines steps to analyze credit card debt repayment. It shows the user's current $8,000 balance at 18.75% interest with a $150 minimum payment. It then calculates that making only minimum payments would take 116 months to repay, while paying $250 per month would take 45 months, and paying $513 per month would repay the balance in the user's goal of 18 months.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    27 views1 page

    CC Manager

    Uploaded by

    mr.rahulgoyal
    This document outlines steps to analyze credit card debt repayment. It shows the user's current $8,000 balance at 18.75% interest with a $150 minimum payment. It then calculates that making only minimum payments would take 116 months to repay, while paying $250 per month would take 45 months, and paying $513 per month would repay the balance in the user's goal of 18 months.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
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    Credit Card Analyzer Worksheet

    Step 1: Describe Your Current Credit Card Debt Current credit card debt $8,000 Annual interest rate 18.75% Minimum payment required $150 Step 2: Describe Your Repayment Goals How much can you afford to pay monthly How quickly (in months) do you want to pay off balance Credit Card Analyzer Calculation Results Months to repay with minimum payment Months to repay with affordable payment Payment to repay in 18 months
    Copyright 2005 by All rights reserved.

    $250 18

    116 45 $513

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