Payoff $24,000 Debt

Calculate the monthly payment needed to pay off a debt of $24,000 in a certain number of months or years. It can be used for a credit-card debt, student loan debt, or any other type of debt.
Current Debt
Pay Debt in
Interest Rate
You have a debt of $24,000 with an interest rate of 7.95%.
To pay it off in 3 years, you will have to pay:
$751.52 / month
You will pay a total of $3,054.70 in interest.
What if You Refinance?
The effects of high interest-rate debt can be large. Here's how much you'd have to pay each month to pay off a $24,000 debt in 3 years with different interest rates:
Interest Rate Payment Total Interest
5% $719.30 $1,895
6% $730.13 $2,285
7% $741.05 $2,678
8% $752.07 $3,075
10% $774.41 $3,879
12% $797.14 $4,697
15% $831.97 $5,951
20% $891.93 $8,109
25% $954.24 $10,352
30% $1,019 $12,678
What's the Highest Credit Card Interest Rate?
In the U.S. there is no federal law that limits the rate of interest that a credit card company can charge. However, there is a maximum of 36% for active U.S. military members and their dependents.
Perhaps because of this law, there is no credit card with an APR greater than 36% as of July 2023.
In 2009, First Premier Bank offered a card with a stunning 79.9% interest rate, probably the highest ever.