Debt – Savings Calculator
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| Debt/Savings Calculator | ||
| Monthly Payment Needed to Pay Off a Debt | ||
| Amount owed | $ 1,000.00 | |
| Interest rate charged | 10.00% | |
| Number of months to pay off debt | 15 | |
| Monthly payment needed to pay off this debt | $ 71.20 | |
| How Many Months It Will Take You To Pay Off a Debt | ||
| Amount owed | $ 1,000.00 | |
| Interest rate charged | 10.00% | |
| Maximum monthly payment you can afford | $ 71.20 | |
| Number of months needed to pay off this debt | 15.0 | |
| How Much You Need To Save Each Month to Meet a Specific Savings Goal | ||
| Savings goal | $10,000.00 | |
| Rate of return (interest rate) on savings | 4.00% | |
| Number of months to reach goal | 30.0 | |
| Amount to save each month to meet this goal | $ 317.50 | |
| How Many Months It Will Take You to Reach a Specific Savings Goal | ||
| Savings goal | $10,000.00 | |
| Rate of return (interest rate) on savings | 4.00% | |
| Maximum amount you can save toward this | ||
| goal each month | $ 317.50 | |
| Number of months needed to reach this goal | 30.0 | |
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