This free calculator is designed to show you the future effects of an investment versus the future effects of using extra cash to pay down a debt.
You need only three number to use this calculator: the amount you have to invest, the annual interest rate you're paying on your debt, and the annual return you expect to make on the investment you are considering.
With these three number, you can quickly determine whether investing a windfall makes more sense than paying off a debt. Remember, you should always consult your own financial advisor before making important financial decisions.
Comments