5.2 – Debt Reduction Calculator
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Debt Reduction Calculator – Exercise 5.2© 2007-2018 Vertex42 LLCStrategies
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By Vertex42.comHELPSnowball (Lowest Balance First)
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Avalanche (Highest Interest First)
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Balance Date:01/01/2018Stair-Stepper
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Order Entered In Table
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Creditor Information TableNo Snowball
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RowCreditorBalanceRatePaymentCustomInterest-onlyCustom - Highest First
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1Card #14,400.0013.000%60.00147.67Custom - Lowest First
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2Auto Loan #13,200.009.810%30.00226.16
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3Auto Loan #25,000.0012.000%55.00350.00Getting Started
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4Card #29,000.0013.500%110.005101.25See the Help worksheet for instructions.
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5Student Loan #14,900.004.000%25.00416.34
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60.00Note: This calculator only allows up to 10 creditors.
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70.00For more, get the extended version.
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80.00
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90.00
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100.00
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Total:26,500.00Total:280.00
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Monthly Payment 800.00 .
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Initial Snowball520.00
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Strategy:Order Entered In Table4
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TRUE
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Results are only estimates
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Creditors inOriginalTotal InterestYears toMonth Paid
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Chosen OrderBalancePaidPay OffOff
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Card #14,400.00216.318/12Sep 2018 .
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Auto Loan #13,200.00290.211 2/12Mar 2019 .
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Auto Loan #25,000.00877.491 10/12Nov 2019 .
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Card #29,000.002,774.442 10/12Nov 2020 .
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Student Loan #14,900.00578.983 4/12May 2021 .
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0.000.00- .
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0.000.00- .
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0.000.00- .
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0.000.00- .
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0.000.00- .
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Total Interest Paid:
4,737.43(Lower is Better)
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Debt Reduction Calculator by Vertex42.com
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