Results:
It will take 6 months to pay off your balance.
You will pay a total of $4 in interest.
Here is how your balance will change over time:
| Time | Balance |
|---|---|
| initial | $50 |
| 1 month | $41 |
| 2 months | $32 |
| 3 months | $23 |
| 4 months | $14 |
| 5 months | $4 |
| 6 months | $0 |
When will I payoff my debt of $50.00? This calculator will compute the time it takes to pay off your debt given a fixed payment each month. The higher the interest rate, the longer it will take, so consider trying to consolidate your debts at a lower rate.