I used a credit card for 2100.00 at 19% interest and have paid 24 payments on time of 100.00. I need to know what the balance is on the 2100.00 being paid as the card has been used for other purposes
Credit cards use a very complex formula for calculating the interest, and we really could not give you anything accurate.
Below is a "rough" ammortization schedule I just made in Excel. The interest in this table is calculated on the basis of a 360-day year and assumes that exactly 30 days elapses between payments.
So are those numbers correct $2100 at 19% with $100 for 24 months? If you stick those in a credit card cal 2100 at 19% with payments of $100 will take 25.6 months to pay off... so I guess you still around $150 or $160 like the chart lists above.
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