A calculator used to show how to pay off debt quickly and save money (Instructions).
You can use the following calculator in two ways:
- How much does compound interest really add up? Below you can enter two identical loans, and change only the "years" field to see how much time influences investment. For example, check out the difference between saving 100 per month for 30 years and 200 per month for 20 years.
- Enter two identical loans but change the "rate" or the "beginning balance" fields to compare how much these factors influence the ending value.