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The Payoff Calculator

If you are considering paying off your credit card balances, there’s nothing more motivating or surprising than seeing how much you will actually save. The Payoff Calculator is designed for just this purpose.

The Payoff Calculator workbook assumes you would not be making new charges on the card, but would be making regular monthly payments until the debt is paid off. It also assumes you would not incur late or any other fees. The interest you would pay over this period is the money you will save by paying the balance in full now. The calculator uses the following information to perform its calculations:


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