Bill P asked:
Have $2,100.00 in credit card debt. The interest rate is 12.99%. The minimum payment is only $41.45. Make a payment of $100.00 per month. How long would it take to pay this debt off, if i continue to make $100.00 payments and not use this card ever again?
http://1mortgagecalculator.info
Have $2,100.00 in credit card debt. The interest rate is 12.99%. The minimum payment is only $41.45. Make a payment of $100.00 per month. How long would it take to pay this debt off, if i continue to make $100.00 payments and not use this card ever again?
http://1mortgagecalculator.info
about 24 payments…or two years
Try out this website. You enter the balance, interest rate and months on top. The monthly payment is calculated on the bottom. Using this website, if you make payments of $107/month, it’ll take you 22 months to repay this debt.
With a current balance of $2100.00 and with the current interest rate at 12.99% it will take you a total of 24 months to pay off the entire balance.
Total payments would be $2395.87 est
Which will cost you $295.87 in finance charges
hope this helps