Discover Your Path to Financial Freedom

Worked examples: real numbers, real math

• How much do $5,000 in back taxes grow to after 3 years unfiled and unpaid?
• Is it cheaper to pay a $10,000 tax bill with an IRS payment plan or a 14% personal loan over 3 years?
• What does a $1,000 credit-builder loan at 15.9% APR for 12 months actually cost?
• How long will it take to pay off $35,000 in student loans at 6.5% paying $400 a month?
• How much faster will I pay off $12,000 of credit card debt at 21% APR if I pay $500 a month instead of $300?
• How much is the IRS penalty for skipping $8,000 of quarterly estimated tax payments?
• How much more will a 29.99% penalty APR cost on a $5,000 balance paying $200 a month instead of 19.99%?
• How much more interest does a 60-month $15,000 personal loan at 13% cost than a 36-month loan?
• Snowball or avalanche: which saves more on $2,000 at 7%, $6,000 at 29% and $9,000 at 19% with $700 a month?
• How much should I offer the IRS in compromise if I owe $40,000 and have $300 a month left after expenses?
• How much deferred interest will I owe on a $2,400 store card purchase at 29.99% APR if it isn't paid off in 12 months?
• How big a loan can I qualify for with $5,000 monthly income and $800 in debt payments at a 36% DTI limit?
• How much will I save consolidating $15,000 of credit card debt at 24% APR into a 12% loan over 5 years?
• How much will I owe the IRS if I file 8 months late with a $2,000 balance due?
• How much more does a 620 credit score pay than an 800 score on an $18,000 used car loan over 60 months?
• How much interest do I save paying an extra $100 a month on a $25,000 car loan at 8% for 60 months?
• How long does it take to pay off $5,000 on a credit card making only minimum payments at 25% APR?
• What is the monthly payment on a $20,000 IRS payment plan over 72 months?
• How much interest will I pay on a $3,000 credit card balance at 29.99% APR in one month?
• What is the APR on a $400 payday loan with a $60 fee due in 2 weeks?
• Is a 3% balance transfer fee worth it on $6,000 of credit card debt at 26% APR if I pay $300 a month?
• What will $10,000 owed to the IRS cost in penalties and interest after one year if I filed on time?
• What is the real APR on a $10,000 personal loan at 18% with an 8% origination fee over 3 years?
• How much do I need to pay down to get under 30% credit utilization with $4,800 in balances and $12,000 in limits?
• How much do I need to pay each month to pay off $10,000 in credit card debt in 3 years at 22% APR?
• How much is the IRS penalty if I file 3 months late and owe $4,000?
• How much does a 100-point credit score drop cost on a $25,000 5-year car loan?
• What is the monthly payment on a $20,000 personal loan at 15% for 5 years?
• How long will it take to pay off $8,000 on a credit card at 24% APR paying $250 a month?

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