Table+Three+-+Cost+of+500+dollar+Laptop+Purchase+(Group+3)

Cost of $500 Laptop Purchase (MasterCard) //__ Commonwealth Bank No Annual Fee MasterCard __//
 * Card information:[[image:mini-laptop-fujitsu-P7230.jpg width="250" height="221" align="right"]]
 * ~ Features ||
 * Annual Fee ($): 0.00 ||
 * Annual Interest Rate (%): 17.49% ||
 * Interest Free Days (up to): 0 ||
 * Additional Cards: 1 free additional card ||
 * Cash Advance Facility: Yes ||

Credit Card Calculator : []


 * = Features ||= Amount ||
 * = Amount you owe ||= $500 ||
 * = Future monthly charges ||= $100 ||
 * = Future monthly payments ||= $200 ||
 * = Interest rate ||= 17.49% ||
 * = Annual Fee ||= $0 ||
 * = Desired months to pay off ||= 12 ||

**Results**: By paying off your debt now, you will save $49 in interest costs. In order to pay off your $500 balance in the desired 12 months, you'll need to make monthly payments of $46 and make no additional credit card charges. Otherwise, given your anticipated payments of $200 and your anticipated charges of $100 you'll repay your outstanding balance in 6 months.  - The line graph, above, shows your cumulative credit card interest expense over the repayment (payoff) period. - The line graph, immediately above, shows how your card balance repayment (payoff) period changes with a change in monthly payment amounts.

=> Cost of the Laptop Purchase=