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Appendices > Chapter 7: Real Cost Calculator

Chapter 7: Real Cost Calculator

The Real Cost Calculator is designed to tell you how much it will really cost to buy something on a credit card and pay it off over time. This workbook is shown in Figure A.9. You enter the items’ cost, the credit card interest rate, and the intended monthly payment in cells C4:C6. The worksheet calculates how long it will take to pay off the balance and the final total cost.

Figure A.9. The Real Cost Calculator determines the real cost of credit card purchases.



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