calculator to see the change in total interest charges that result from making any changes
to an original loan's variables.
When buying a car most people fail
to consider ALL of the expenses that will be generated by their purchase. And because
nearly all car-buying scenarios come with different variables (depreciation rates,
interest rates, purchase prices, insurance costs, mpg ratings, etc.), it becomes extremely
difficult to compare one buying scenario with another...until now that is. This calculator
will not only help you to forecast the REAL COST of buying and owning a car, but it will
also help you to more accurately compare the real cost of one car-buying scenario with the
real cost of a second car-buying scenario.
calculator will show you how much interest you will earn over a given period of time, at
any given interest rate, based on an initial investment plus a fixed monthly addition. The
calculator compounds monthly and assumes deposits are made at the beginning of each month.
This calculator will show you how
much interest you will end up paying if you make only the minimum required payment on your
credit card bill. It will also tell you how many minimum payments you will make before
your balance is paid off (up to a maximum of 600 payments).