Worked examples

How long to pay off your balance?

Pick a balance and APR close to yours. Each example shows the real months-to-debt-free and total interest — minimum payments vs adding extra — computed by the workbook's engine.

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$1,000 at 12% APR $1,000 at 18% APR $1,000 at 22% APR $1,000 at 24% APR $1,000 at 26% APR $1,000 at 29% APR $2,500 at 12% APR $2,500 at 18% APR $2,500 at 22% APR $2,500 at 24% APR $2,500 at 26% APR $2,500 at 29% APR $5,000 at 12% APR $5,000 at 18% APR $5,000 at 22% APR $5,000 at 24% APR $5,000 at 26% APR $5,000 at 29% APR $7,500 at 12% APR $7,500 at 18% APR $7,500 at 22% APR $7,500 at 24% APR $7,500 at 26% APR $7,500 at 29% APR $10,000 at 12% APR $10,000 at 18% APR $10,000 at 22% APR $10,000 at 24% APR $10,000 at 26% APR $10,000 at 29% APR $15,000 at 12% APR $15,000 at 18% APR $15,000 at 22% APR $15,000 at 24% APR $15,000 at 26% APR $15,000 at 29% APR $20,000 at 12% APR $20,000 at 18% APR $20,000 at 22% APR $20,000 at 24% APR $20,000 at 26% APR $20,000 at 29% APR $25,000 at 12% APR $25,000 at 18% APR $25,000 at 22% APR $25,000 at 24% APR $25,000 at 26% APR $25,000 at 29% APR $30,000 at 12% APR $30,000 at 18% APR $30,000 at 22% APR $30,000 at 24% APR $30,000 at 26% APR $30,000 at 29% APR $50,000 at 12% APR $50,000 at 18% APR $50,000 at 22% APR $50,000 at 24% APR $50,000 at 26% APR $50,000 at 29% APR