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Credit: Cost of Credit

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Cost of Credit

If you don't pay off your credit card balance every month, the interest assessed on your account means you may be paying more for the items you purchase than you expect. And if you spend beyond your means and add up considerable credit card debt, the extra money you pay in interest can be alarming!

To find out how much extra you might pay on credit card purchases, use this simple calculator.

Total purchase amount       $  
Credit card APR         %
Planned monthly payment       $  

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