| This
calculator will show you how much interest you will end up paying if you
make only the minimum required payment on your credit card bill. It will
also tell you how many minimum payments you will make before your balance
is paid off (up to a maximum of 600 payments).
Instructions: Somewhere in your credit
card disclosure statement the card company will tell you something like
"your minimum payment will be 2% of the balance or $10 (or £5
), whichever is higher. These are the figures
you will enter in Column C and Column D respectively.
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