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Minimum payment formula

thebyp
thebyp Posts: 245 Forumite
Part of the Furniture 100 Posts Combo Breaker
Hi all,

I'm putting together some advice for staff on managing debts for my work. In regards to credit cards i was going to point people towards the rather excellent calculator on this website but the company refuses to unblock the website for access at work.

Does anybody know the formula it uses to calculate how long it will take to pay off the debt?

thanks

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