United States version
What this tool answers
The target-date mode starts with a deadline measured in months and solves for the required regular payment. That makes it distinct from the single-balance tool that starts with a chosen payment.
Formula
M = balance × r / [1 − (1 + r)^(−months)]; at zero interest, M = balance / months.
Worked example: A twenty-month payoff target
Clearing a $4,800 balance at 0% APR in 20 months requires $240 each month. This target example uses a different balance from the single-balance payoff-time page.
Load these worked-example inputs
Limitations
The model assumes no additional spending, no fees and a constant APR. A provider’s billing and daily-interest rules can produce a different final payment.
Frequently asked questions
Which input sets the deadline on this page?
The payoff-month count sets the deadline in target-date mode.
Why does a shorter target usually require a larger payment?
The same balance must be repaid over fewer monthly periods.
Does a target payment automatically satisfy an issuer’s account rules?
No. Confirm the issuer’s statement, minimum payment and billing requirements separately.