Submitted by nah_just_ocd t3_z815dy in personalfinance
Raalf t1_iybf4il wrote
Reply to comment by MinistryofTruthAgent in Help! Drowning in debt. by nah_just_ocd
at 20%+ interest, it all depends on how much is put towards the debt.
At 90k, 22% interest compounded monthly, this is what it will be at 24 years to pay it off:
Payment Every Month $1,658.86
Total of 288 Payments $477,752.08
Total Interest $387,752.08
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