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Tool: Credit Card Repayment Calculator
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Description: Based on the information you provide, the calculator will give you an estimate of how long it will take you to pay off your credit card balance. The calculator assumes: * you make no more charges; and * you make only the minimum payment each month. A second calculation can help you develop a plan for paying off your balance sooner.
Technology Type: Calculator 
Author: Federal Reserve System
Language: English 
Cost: Does not require payment for use

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Courses: Algebra Growth
Financial Education Borrowing, Credit, Credit costs, Debt