Free Credit Card Balance Calculator - This calculator shows 3 methods for paying off a credit card balance on a monthly installment basis given an outstanding balance and an Annual Percentage Rate (APR):
1) Minimum Payment Amount 2) Minimum Percentage Amount 3) Payoff in Years This calculator has 5 inputs.
What 4 concepts are covered in the Credit Card Balance Calculator?
annual percentage rate
the yearly interest generated by a sum that is charged to borrowers or paid to investors.
credit card balance
one of the amounts, usually equal, into which a debt is divided for payment at stated intervals over a fixed period
payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate