See how much
money you can save by putting in different
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Lets say you owe 1,200 and you have a non UCMS credit card with a
high interest rate of 17.0%. Lets say you want to be debt free in
two years. The calculator tells you that you need to budget about
$60 bucks to pay off your loan.
gets bad in a hurry if you owe 6,000 at 17% and three years because
then your result is a whopping $213.91.
should be to never OWE more than three times what you can pay off in
three months (0.25 years). 0.25 years, 17% interest and x for your
loan amount give you the amount that you need to pay per month.
Remember that money is a horrible master but a wonderful servant.
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