Debt Reduction Calculator

	A	B	C	D	E	F	G	I
1	Debt Reduction Calculator					© 2007-2019 Vertex42 LLC		Strategies
2	By Vertex42.com						HELP	Snowball (Lowest Balance First)
3								Avalanche (Highest Interest First)
4		Balance Date:	10/9/2024					Stair-Stepper
5								Order Entered In Table
6		Creditor Information Table						No Snowball
7	Row	Creditor	Balance	Rate	Payment	Custom	Interest-only	Custom - Highest First
8	1	LOC	7,000.00	8.000%	400.00		46.67	Custom - Lowest First
9	2	mom	500.00	0.000%	100.00		0.00
10	3	mc	2,000.00	19.000%	200.00		31.67	Getting Started
11	4	hd	5,000.00	21.000%	350.00		87.50	See the Help worksheet for instructions.
12	5						0.00
13	6						0.00	Note: This calculator only allows up to 10 creditors.
14	7						0.00	For more, get the extended version.
15	8						0.00
16	9						0.00
17	10						0.00
18		Total:	14,500.00	Total:	1,050.00
19
20	Monthly Payment		543.16	Too Low
21	Initial Snowball		643.10
22
23		Strategy:	Avalanche (Highest Interest First)			2
24						TRUE
25		Results are only estimates
26		Creditors in	Original	Total Interest	Years to	Month Paid
27		Chosen Order	Balance	Paid	Pay Off	Off
28		hd	5,000.00	804.59	1 5/12	Mar 2026	.
29		mc	2,000.00	194.54	11/12	Sep 2025	.
30		LOC	7,000.00	467.27	1 7/12	May 2026	.
31		mom	500.00	0.00	5/12	Mar 2025	.
32			0.00	0.00	-		.
33			0.00	0.00	-		.
34			0.00	0.00	-		.
35			0.00	0.00	-		.
36			0.00	0.00	-		.
37			0.00	0.00	-		.
38			Total Interest Paid:	1,466.40	(Lower is Better)
39
40	Debt Reduction Calculator by Vertex42.com
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