Credit card debt Calculator
Hi guys and girls, not really sure if this question belongs on a programming forum or not?
Basically, I'm trying to figure out the formula(s) involved for designing a credit card debt repayment calculator. The user will enter his/her current debt, the interest rate they are paying, minimum monthly repayments, and a date in the future when they want to be debt free.
The calculator needs to determine what kind of monthly repayments the user needs to make to meet his/her debt free deadline on time vs. minimum repayments, as well as how much interest they will end up paying in the long run (I assume this would be complex interest).
Re: Credit Card debit Calculator
The card is aimed at folks without bank accounts. About 4 million Americans on the Social Security payroll are "unbanked" and must receive paper checks, which are vulnerable to financial crimes like check fraud and more minor problems such as delivery delay.
Credit Card Debt