You can now play Optimal Payment Debt Calculator for PC on a desktop/laptop running Windows XP, Windows 7, Windows 8, Windows 8.1, Windows 10 and MacOS/OS X. This can easily be done with the help of BlueStacks or Andy OS Android emulator.
Often, loans are set up to maximize the amount of interest paid.
The Optimal Payment DebtCalculator is meant for those of us who have a car loan, credit card debt, a student loan, or a house mortgage debt to pay off, and who want to minimize the amount of interest they have to pay. The purpose of the calculator is to determine which different payment amounts will allow you to reduce your interest charges as much as possible by changing the amount of the monthly payment or adding payments to the principal.
The initial, lender presented calculation allows you to see how long it will take you to repay the debt; how much interest you will pay, and the actual percentage rate of interest you will pay on the debt.
From this, you can adjust your monthly payment to achieve an optimal result. – For example, if you wish to pay no more than $300 dollars interest on a 6000 dollar loan (5%), you can plug in the figures and calculate the amount you need to pay every month, until you reach a 5% result. ($457 for 14 months, given a loan rate of 8%)
You can also put in different payment amounts, until you find a payment that yields an interest rate that seems reasonable to you. –
From this, you can see how much money that can be saved if you pay down the balance immediately with, say an additional payment of $3000 (be sure to state it is to be paid on the principal)…on a $13,500 loan at 10.9%, – in this case you would save $2146, and pay the debt off 20 months earlier. In other words, you would get a 72% return on your $3000.
Using the debt calculator, you can determine that if you double the payment you are making, and direct that ½ of the payment goes directly to the principal, that you can save thousands of dollars, substantially lowering your actual interest rate.
How to download and run Optimal Payment Debt Calculator on your PC and Mac
Optimal Payment Debt Calculator For PC can be easily installed and used on a desktop computer or laptop running Windows XP, Windows 7, Windows 8, Windows 8.1, Windows 10 and a Macbook, iMac running Mac OS X. This will be done using an Android emulator. To install Optimal Payment Debt Calculator For PC, we will use BlueStacks app player. The method listed below is set to help you get Optimal Payment Debt Calculator For PC. Go ahead and get it done now.
Download Links For Optimal Payment Debt Calculator:
Step to Step Guide / Optimal Payment Debt Calculator For PC:
- As you have Downloaded and Installed Bluestacks Emulator, from Links which are provided above.
- Now, After the installation, configure it and add your Google account.
- Once everything is done, just open the Market in Play Store and Search for the ‘Optimal Payment Debt Calculator’.
- Tap the first result and tap install.
- Once the installation is over, Tap the App icon in Menu to start playing.
- That’s all Enjoy!
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That would be all from our side. In case you have got any queries or you have any issue following the guide, do let me know by leaving your thoughts in the comments section below.