Credit Card Payment Calculator Excel Template

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Launch Microsoft Excel and open a new workbook.

Credit card payment calculator excel template. And calculate how long it will take to pay off the card given a specific monthly payment. Using the function PMTrateNPERPV PMT17122125400 the result is a monthly payment of 26699 to pay the debt off in two years. Assume that the balance due is 5400 at a 17 annual interest rate.

You will need to enable macros in Excel to use the DebtTracker spreadsheet which is also explained in the tutorial. Click to select the cell in Column B next to the label Payment then click the function button fx at the left edge of the data entry window to calculate your credit card payment. Before selecting one of three available options you should type your credit card basic information those are.

Through an excel spreadsheet for credit card payoff calculator calculating your credit card pay off period couldnt be easier. This is an accessible template. It also creates a payment schedule and graphs your payment and balance over time.

On the spreadsheet enter all of your debts. Download a free Credit Card Payoff calculator for Microsoft Excel or Google Sheets that will calculate the payment required to pay off your credit card in a specified number of years or calculate how long it will take to pay off your card given a specific monthly payment. Easily see what it will take to pay off your credit card at different interest rates and payment amounts with this credit card payoff calculator.

Then you can change the view by sorting debts by type interest rate minimum payment and other options. Following is a rundown of how you can calculate your payoff using a credit card payoff template in Excel. Credit Card Payoff Calculator Template Excel PDF Open Office that will calculate the payment which is required to pay off your all credit card debt in the specified number of the years.

There are 3 options you can choose to pay your credit card off. Credit Card Payoff Calculator. Enter Your Total Payments Enter the total sum of your payments for your card in C2.

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