Formula to calculate long to pay off credit card debt?
For example, enter: If you owed $ 500 in April: 29.99% Monthly Payment : How do I pay about $ 19 I will take several months to calculate Need to know how. Thank you PS: Credit card debt No!. I just want a calculator program. =)
First you APR if you owed $ 500 more to see how much money Can. To do so, the issue is set to%. Fractions and When together, always remember that the equation% = part / whole. Full 500 and 0.2999% as we know it. So now a penny to solve Plug into the equation to solve for P righteousness, you Do you want to multiply each side of 500. P a = 149.95. Then you pay 500 P to obtain the total amount owed can be added. This is 649.95. So 19 days to go how many times the amount available to divide. This is to be 12 months to pay by credit card. You decimal 10 months, there's no need to turn up the total number Can be done. Answered 35 months. % = Part / full 0.2999 = p/500 500 (0.2999) = 500 (p/500) 500 (0.2999) = P is 149.95 = P 500 Index 149.95 649.95 649.95/19 to the next round, 34.2 All numbers 35