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| Credit Card Payoff Formula: Credit Card Payoff = NPER(Interest Rate/12, -Monthly Payment, Credit Card Balance) | |||
Credit Card Payoff Definition The Credit Card Payoff Calculator is an easy to use online financial calculator that will let you know how long it will take to payoff your credit cards. Simply enter in the current credit card balance, the credit card interest rate, and the monthly payment that you will make and the Credit Card Payoff Calculator will output the number of month until the credit card is paid off in full. See how much the Cost of Credit Cards is taking a toll on your financial well being with this similar calculator. How to Calculate Credit Card Payoff Let's be honest - sometimes the best credit card payoff calculator is the one that is easy to use and doesn't require us to even know what the credit card payoff formula is in the first place! But if you want to know the exact formula for calculating credit card payoff then please check out the "Formula" box above. |