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Applicable Factors Page

 

Table 1

Factor to Determine Monthly Payment Needed to Pay Off Debts

4%

5%

6%

7%

8%

9%

10%

12%

14%

16%

18%

1

0.0851

0.0856

0.0861

0.0865

0.0870

0.0875

0.0879

0.0888

0.0898

0.0907

0.0917

2

0.0434

0.0439

0.0443

0.0448

0.0452

0.0457

0.0461

0.0471

0.0480

0.0490

0.0499

#

3

0.0295

0.0300

0.0304

0.0309

0.0313

0.0318

0.0323

0.0332

0.0342

0.0352

0.0362

4

0.0226

0.0230

0.0235

0.0239

0.0244

0.0249

0.0254

0.0263

0.0273

0.0283

0.0294

o

5

0.0184

0.0189

0.0193

0.0198

0.0203

0.0208

0.0212

0.0222

0.0233

0.0243

0.0254

f

6

0.0156

0.0161

0.0166

0.0170

0.0175

0.0180

0.0185

0.0196

0.0206

0.0217

0.0228

7

0.0137

0.0141

0.0146

0.0151

0.0156

0.0161

0.0166

0.0177

0.0187

0.0199

0.0210

y

8

0.0122

0.0127

0.0131

0.0136

0.0141

0.0147

0.0152

0.0163

0.0174

0.0185

0.0197

e

9

0.0110

0.0115

0.0120

0.0125

0.0130

0.0135

0.0141

0.0152

0.0163

0.0175

0.0188

a

10

0.0101

0.0106

0.0111

0.0116

0.0121

0.0127

0.0132

0.0143

0.0155

0.0168

0.0180

r

15

0.0074

0.0079

0.0084

0.0090

0.0096

0.0101

0.0107

0.0120

0.0133

0.0147

0.0161

s

20

0.0061

0.0066

0.0072

0.0078

0.0084

0.0090

0.0097

0.0110

0.0124

0.0139

0.0154

25

0.0053

0.0058

0.0064

0.0071

0.0077

0.0084

0.0091

0.0105

0.0120

0.0136

0.0152

30

0.0048

0.0054

0.0060

0.0067

0.0073

0.0080

0.0088

0.0103

0.0118

0.0134

0.0151

 

Table 2

Factor to Determine Amount to be Saved Monthly to Reach a Savings Goal

4%

5%

6%

7%

8%

9%

10%

12%

14%

16%

18%

1

0.0818

0.0814

0.0811

0.0807

0.0803

0.0800

0.0796

0.0788

0.0781

0.0774

0.0767

2

0.0401

0.0397

0.0393

0.0389

0.0386

0.0382

0.0378

0.0371

0.0363

0.0356

0.0349

#

3

0.0262

0.0258

0.0254

0.0250

0.0247

0.0243

0.0239

0.0232

0.0225

0.0218

0.0212

4

0.0192

0.0189

0.0185

0.0181

0.0177

0.0174

0.0170

0.0163

0.0157

0.0150

0.0144

o

5

0.0151

0.0147

0.0143

0.0140

0.0136

0.0133

0.0129

0.0122

0.0116

0.0110

0.0104

f

6

0.0123

0.0119

0.0116

0.0112

0.0109

0.0105

0.0102

0.0096

0.0089

0.0084

0.0078

7

0.0103

0.0100

0.0096

0.0093

0.0089

0.0086

0.0083

0.0077

0.0071

0.0065

0.0060

y

8

0.0089

0.0085

0.0081

0.0078

0.0075

0.0072

0.0068

0.0063

0.0057

0.0052

0.0047

e

9

0.0077

0.0074

0.0070

0.0067

0.0064

0.0060

0.0057

0.0052

0.0047

0.0042

0.0038

a

10

0.0068

0.0064

0.0061

0.0058

0.0055

0.0052

0.0049

0.0043

0.0039

0.0034

0.0030

r

15

0.0041

0.0037

0.0034

0.0032

0.0029

0.0026

0.0024

0.0020

0.0017

0.0014

0.0011

s

20

0.0027

0.0024

0.0022

0.0019

0.0017

0.0015

0.0013

0.0010

0.0008

0.0006

0.0004

25

0.0019

0.0017

0.0014

0.0012

0.0011

0.0009

0.0008

0.0005

0.0004

0.0003

0.0002

30

0.0014

0.0012

0.0010

0.0008

0.0007

0.0005

0.0004

0.0003

0.0002

0.0001

0.0001

 

Simplify This Step By Using Our Calculator

Download our (Microsoft Excel) debt/savings calculator at calculator.xls to calculate how much you'll need to set aside each month to pay off a debt or reach a savings goal.

 

 

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