This calculator is for quick comparison purposes and should not be relied upon for use in an actual time payment situation. Using it should provide, however, a close approximation of your actual payments (given the terms and values you enter.)
To use, enter values for the cost of the merchandise (Item Amount), number of months you will need for payment, and the interest rate (e.g. 5.25. DO NOT use the % symbol.) Then click the Calculate button. Clicking the Reset button will clear entered values. NOTE: Enter only numeric values using decimal points where needed (no commas, please.) Non-numeric values will cause errors.