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How do I prepare a debt acceleration worksheet in Excel?
Goal is to pay off all two credit card balances asap. I have $500 per month
available to pay both monthly card balances. $250 is used to pay the first card (10% interest rate, balance $3000), and $250 used to pay the second card (8% interest rate, $5000). Once the first card is paid off, the entire $500 per month would be used to pay off the second credit card. I need to create a spreadsheet that will tell me how long it will take me to pay off both debts. Using Microsoft XP and Excel 2002 |
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