Eliminate Debt or Invest Calculator
See if it's better to pay down debt or invest your extra money until it can pay off the debt all at once. Will you pay more interest on your loan or earn more on your investment? Enter the information about your debt and investment and this calculator will show you how to lower debt the faster by showing what happens if you pay down debt first or put it into an investment until it grows to the pay off debt amount.
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Popup
Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.
<script language="JavaScript" type="text/javascript">
<!--
//Eliminate Debt or Invest
function EliminateDebtOrInvest()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Eliminate-Debt-Or-Invest.asp?AcctNum=1', '_blank', 'width=650,height=820,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:EliminateDebtOrInvest();">Eliminate Debt or Invest</a><br>
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<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
Embedded
Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.
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<iframe src="http://www.webcalcsolutions.com/Debt-Calculators/Eliminate-Debt-Or-Invest.asp?AcctNum=1" width="650" height="820" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Debt-Calculators/Catalog.asp" target="_blank">Eliminate Debt or Invest Calculator</a></iframe>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Customizable Field Values
You can customize the following field values for this calculator. When the calculator runs it will have
the values you set for these fields. It is important to use your Account Number instead of 1
as shown in this example.
Eliminate Debt or Invest Calculator's
Customizable Fields |
| Screen Name |
Parm Name |
Parm Value Used in this Example |
| Title |
Title |
Mr. & Mrs. O'Riley |
| Additional Monthly Amount |
AddlMonthlyPmt |
400.00 |
| Cash On Hand |
CashOnHand |
3,000.00 |
| Federal Tax Rate |
FedTaxRate |
18 |
| State Tax Rate |
StateTaxRate |
10.5 |
| Debt Balance |
DebtBal |
13,000.00 |
| Debt Interest Rate |
IntRate |
18.9 |
| Debt Monthly Payment |
MonthlyPmt |
500.00 |
| Tax Deductible Interest |
TaxDeduct |
false |
| Investment Starting Balance |
InvBal |
8,200.00 |
| Investment Anticipated Rate of Return |
RateOfReturn |
8.2 |
| Taxable Returns |
Taxable |
false |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Eliminate Debt or Invest
function EliminateDebtOrInvest()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Eliminate-Debt-Or-Invest.asp?AcctNum=1&' +
'Title=Mr. %26 Mrs. O%27Riley&AddlMonthlyPmt=400.00&CashOnHand=3,000.00&' +
'FedTaxRate=18&StateTaxRate=10.5&DebtBal=13,000.00&IntRate=18.9&' +
'MonthlyPmt=500.00&TaxDeduct=false&InvBal=8,200.00&RateOfReturn=8.2&' +
'Taxable=false',
'_blank',
'width=650,height=820,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:EliminateDebtOrInvest();">Eliminate Debt or Invest</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Our examples have special characters (& or ') that must be encoded
to be interpreted properly by the browser. If the customized text you want to use
has any of these characters (&, ' [apostrophe or single-quote],
#, ?, ", \ or %) we have provided this Encode
tool so you can see how to type it into your script. Enter your customized text
then select 'Encode'. The encoded text will show up in the lower box and can be
copied and pasted directly into your script.
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