Terms of Use: You may install this Credit Card Minimum Payment Interest Calculator on your site for free, so long as my copyright info remains embedded in the code and the link back to my website is visible on the page you install the calculator on. You will find a link to the installation page located just beneath the calculator on this page.
If you would like to purchase a license for the latest commercial grade (professional) version of this calculator, please visit our Commercial Calculator Center.
If you would simply like to use an upgraded version of this calculator for your own personal use, I invite you to try our ever-growing collection of consumer-oriented calculators on our free online calculator use website for consumer decision making, discovery, and learning.
Below are the instructions for installing the Credit Card Minimum Payment Interest Calculator on your website:
Step #1:
Select and copy the script from the following text box, then paste between the <HEAD> and </HEAD> tags of the page you are installing the calculator on.
Step #2:
Select and copy the following HTML form code, then paste in the desired location between the <BODY> and </BODY> tags of the page you are installing the calculator on.
<tr>
<td COLSPAN="7">
<font face='arial'><small>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).</small></font>
<p><font face='tahoma,arial'><small><strong> Instructions: </strong></small><font> <font face='arial'><small>Somewhere in your credit card disclosure statement the card company will
tell you something like "your minimum payment will be 2% of the balance or $10,
whichever is higher. These are the figures you will enter in Column C and Column D
respectively.</small></font>
</td>
</tr>
<tr>
<td align="center"><font face='tahoma,arial'><small><strong>Dollar<br>Amount<br>Charged</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>Annual<br>Interest<br>Rate</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>C<br>Minimum<br>Payment<br>Percent</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>D<br>Minimum<br>Minimum<br>Payment</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>Interest<br>Charges</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>Number of<br>Payments</strong></small><font></td>
<td align="center"><font face='tahoma,arial'><small><strong>Total #<br>of Years</strong></small><font></td>
</tr>
<tr>
<td align="center"><input TYPE="TEXT" NAME="principal" SIZE="9"></td>
<td align="center"><input TYPE="TEXT" NAME="interest" SIZE="9"></td>
<td align="center"><input TYPE="TEXT" NAME="minpayperc" SIZE="6"></td>
<td align="center"><input TYPE="TEXT" NAME="minpaydol" SIZE="5"></td>
<td align="center"><input TYPE="TEXT" NAME="ccInt" SIZE="9"></td>
<td align="center"><input TYPE="TEXT" NAME="nPer" SIZE="4"></td>
<td align="center"><input TYPE="TEXT" NAME="years" SIZE="4"></td>
</td>
<P>
</TR>
<TR>
<TD COLSPAN="6" align="RIGHT" WIDTH="50%"><input TYPE="button" VALUE="Compute" onClick="computeForm(this.form)"></td>
<td align="LEFT" width="50%"><input TYPE="reset" VALUE="Reset" onClick="clearForm(this.form)"></td>
</tr>
Step #3:
Edit the form HTML to match the look and feel of your site, then save and upload the page to your server and you're done!
**Please note that we do not provide support or installation help for the free versions of our calculators. We do provide support and installation help for our professional versions.