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Minimum Payment Interest Calculator
 

This calculator is for determining how much interest you will end up paying if you make only the minimum payment on your credit card every month.  It will also show how many month's of payments you will have to make to pay off your balance.

Instructions:
Reference your credit card user agreement and/or terms or use to locate your minimum payment percentage (ex. "Your minimum payment will be $20.00, or 3% of the balance, whichever is higher. These are the figures you will enter in Column C and Column D respectively.

Dollar
Amount
Charged

Annual
Interest
Rate

C
Minimum
Payment
%

D
Minimum
Payment
$

Interest
Charges

Number of
Payments

Total #
of Years

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