Table+Three+-+Cost+of+500+dollar+Laptop+Purchase+(Group+1)

The minimum monthly payment for a discover card is 2.5% of the purchase. 2.5% of a $500 laptop is $12.50.

In order to pay off your $500 balance in the desired 12 months, you'll need to make monthly payments of $44 and make no additional credit card charges.

In order to pay off your $500 balance in the desired 24 months, you'll need to make monthly payments of $23 and make no additional credit card charges.


 * = Amount you owe ||  ||= $500 ||
 * = Future monthly charges ||  ||= $100 ||
 * = Future monthly payments ||  ||= $200 ||
 * = Interest rate ||  ||= 18% ||
 * = Annual Fee ||  ||= $0 ||
 * = Desired months to pay off ||  ||= 12 ||


 * = Features ||= Amount ||
 * = Amount you owe ||= $500 ||
 * = Future monthly charges ||= $100 ||
 * = Future monthly payments ||= $200 ||
 * = Interest rate ||= 18% ||
 * = Annual Fee ||= $0 ||
 * = Desired months to pay off ||= 24 ||