Report Will Be Prepared For Mike Gillett

Enter each of your debts along with their current balance, minimum monthly payment (please don’t include additional principal payments) and the loan interest rate. Once you’ve entered all of your loans, click the "Calculate My Effective Interest Cost" button at the bottom of the page.


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Debts Name Balance Interest Rate Payment Monthly Interest $ Effective Interest Cost %
Credit Card Chase Freedom $18,000 29.99% $592 $449 75.99%
Car Chase Auto $58,000 4.00% $831 $193 23.27%
Calculate My Effective Interest Cost