Credit Card Debt Calculator
Find out how many years it will take you to pay off your credit card bill and how much you are paying on interest if you only make the minimum monthly payment.
//By Daniel C. Peterson
//Web Winder Website Services, 1997-2006 All Rights Reserved.
//Distribution, editing or reselling of this script is strictyly prohibited
//without expressed written permission from Daniel C. Peterson.
//For commercial grade (professional) versions of this and many other
//calculators, visit http://www.webwinder.com.
function computeForm(form) {
var i = form.interest.value;
if (i > 1.0) {
i = i / 100.0;
form.interest.value = i;
}
i /= 12;
var j = form.minpayperc.value;
if (j > 1.0) {
j = j / 100.0;
j = j * 1;
}
var prin = eval(form.principal.value);
var pmt = 0;
var prinPort = 0;
var intPort = 0;
var count = 0;
accruedInt = 0;
while(prin > 0) {
if(eval(prin * j) < eval(form.minpaydol.value)) {pmt = eval(form.minpaydol.value); } else { pmt = eval(j * prin); }
intPort = eval(i * prin);
prinPort = eval(pmt - intPort);
prin = eval(prin - prinPort);
accruedInt = eval(accruedInt + intPort);
count = count + 1
if(count > 600) { break; } else { continue;}
}
form.ccInt.value = accruedInt;
form.nPer.value = count;
form.years.value = count / 12;
}
function clearForm(form)
{
form.principal.value = "";
form.interest.value = "";
form.minpaydol.value = "";
form.minpayperc.value = "";
form.ccInt.value = "";
form.nPer.value = "";
form.years.value = "";
}
Created by
jason
Last modified
2008-02-05 10:14
