Paying Off a Credit Card

Although Americans have reduced their personal debt levels in recent years, some credit card balances remain high. Additional monthly payments may make a difference and accelerate the payoff of your outstanding credit card debt.
Credit Card or Loan Information
Current credit card balance ($) 
Annual percentage rate (%) 
Proposed additional monthly payment ($) 
Assumptions
Minimum payment percentage (%) 
Minimum payment amount ($) 
Skip December payment when offered? 
Desired table display 
   
This is a hypothetical example used for illustrative purposes only. Actual results will vary.

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