Paying off Credit Card Debt with Minimum Payments

Input Information

Credit Card Balance and Annual Interest Rate
Current Card Balance :	($)
Annual Interest Rate :	(%)
Minimum Payment Requirement from the Most Recent Statement
Current Minimum Payment :	($)
Fixed Payment You Can Afford To Pay Every Month
Fixed Payment Amount :	($)
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Financial Analysis (Switch to Plain English)

	Minimum Pmts.	Fixed Pmts.
Total Payments :	$19,081.83	$13,030.01
Payoff Timeline :	18 Years 5 Months	3 Years 2 Months
Time Saved :	15 Years 3 Months
Total Interests Paid :	$9,081.83	$3,030.01
Interest Savings :	$6,051.82

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