Pay Off Debt or Save Calculator

Icon of Credit Card for Pay Off Debt or Save Calculator

How to use the calculator:

• Enter dollar figures without dollar signs or commas, so enter $16,000 simply as 16000

• Enter percentages in decimal form without percent signs, so enter 8 1/2% as 8.5

Should I pay debt or save?

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Interest I'd save in one year by paying off debt:
Yield I'd earn in one year on savings after taxes: