Another Free Financial Calculator!
Nine days after releasing Free Loan Calculator on December 19, 2003, Wheatworks has released Pay Down Debt or Invest Calculator. And it’s free, too!
What’s it do? It answers the classic question as old and debt and windfalls.
You wind up with extra cash and wonder, “Should I invest this money or use it to pay off debt I already owe?” It’s a decision we often make without a great deal of consideration. But it’s a decision that carries consequences far into the future.
This free financial calculator from Wheatworks Software, LLC is designed to show you the future effects of an investment versus the future effects of using extra cash to pay down a current debt.
It’s easy to use. You need only three numbers: the amount of you have to invest, the annual interest rate you’re paying on your current debt, and the annual return you expect to make on the investment you are considering.
With these three numbers, you can quickly determine whether investing a windfall makes more sense than paying off a debt. (Hint, hint: It’s usually better to pay off your debt first.)
By displaying the long term consequences in a columnar format, Pay Down Debt or Invest Calculator makes it obvious whether paying down or investing is the better choice.
It’s free! Get it by visiting Wheatworks’ web site at www.wheatworks.com/pddoi.htm. You’ll be glad you did.
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