Use the online "minimum payment calculator" link below to figure out how much total interest

someone would pay, the number of payments and years it would take to pay off the credit card
debt a person would incur with the following purchases:

http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx

amount interest minimum or monthly payment Total interest charges

820 18% 2%

820 18% $ 40.00 167.25

820 18% $ 60.00 104.63

amount interest minimum or monthly payment Total interest charges

2000 18% 2%

2000 18% $ 40.00 1,724.47

2000 18% $ 60.00 793.44

amount interest minimum or monthly payment Total interest charges

200 18% 2%

200 18% $ 40.00 9.51

200 18% $ 60.00 6.82

If you buy at Leons Don't Pay a cent and you cannot pay on time, you will pay interest, like a credit card

amount interest minimum or monthly payment Total interest charges

1500 18% 2%

1500 18% $ 40.00 721.04

 1500 18% $ 60.00 394.19

Assume someone has purchased all of these items on credit. Calculate the total amount of
interest they would have paid. (add them all up)

minimum or monthly payment Total interest charges

2%

$ 40.00 2,622.27
$ 60.00 1,299.06

You don't want to be this person, do you?

 # of payments years to pay off

25 2.08333333
16 1.33333333

# of payments years to pay off

94 7.83333333
47 3.91666667

# of payments years to pay off

6 0.5
4 0.33333333

e a credit card

# of payments years to pay off

56 4.66666667
32 2.66666667