This calculator will help you to determine the number of payments
remaining for each of your debts. You will need these results in order to use the Rapid
Debt-Repayment Calculator Part 2. This calculator will also compute the total interest you
will end up paying if you decide not to follow the Rapid Debt-Repayment Plan (RDRP). Be
sure to write this figure down so you'll be able to compare it to the interest you'll end
up paying by following plan (calculated in Part 2). Note: To view both parts at once,
open RDRP Part 2 in a second browser window and then resize both to fit one-half of the
screen. You can then click on whichever window you would like to make the active one.
Instructions: Enter each one of your debts, along with their corresponding principal
balances, interest rates, and monthly payment amounts. Once you have all your debts
entered, click on the "Calculate" button. Then, once the calculation has
completed, click on the "Create Report" Button which will generate a condensed
report the you can print out (you may have to press CTRL-P in order to print the report).
Or, if you don't have a printer, write your bills down on the Rapid
Debt-Repayment Plan Worksheet (worksheet you can print out. Use your back button to
return to this page), listing them from the shortest pay-off to the longest pay-off.
