CROWN'S MISSION:
Equipping people worldwide to learn, apply, and teach God's financial principles so they may know Christ more intimately, be free to serve Him, and help fund the Great Commission.

Learn about Crown Seminars and Workshops, Small Groups, Money Map Coaching, and Teaching Curriculum for all ages

Find a Money Map Coach, connect with local Crown Representatives, and learn about Events and Seminars in Your Area

Credit Card Minimum Payment Interest Calculator

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 -- that is, assuming you stop charging any more to it. After seeing the shocking figures this calculator will generate, I doubt you'll want to continue allowing the credit card companies to build your swimming pool in their backyards. And as you will see from the calculated results, it's not just the interest charges you're losing, you're also losing the interest you could be earning on those charges if you were investing them rather than paying them to the credit card company! 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, whichever is higher." These are the figures you will enter in Row #3 and Row #4.
Enter the dollar amount charged:
Enter the annual interest rate:
Enter the minimum percent payment amount:
Enter the minimum dollar payment amount:

Total interest charges you will pay:
Total number of payments you will make:
Total number of years until debt is paid off:
Estimated foregone interest earnings:
Total Estimated Opportunity Cost:
Summary:

Career Opportunities | Referral Services | Links to Other Sites | About Larry Burkett |

To contact us by phone, please call 1(800)722-1976.

ECFA member since 1988