It's important to be informed - this chart can help. Select the $100 increment that closely reflects your purchase. You will find the following: minimum payment, time required to pay off the balance, and the total amount you will pay over the period. The chart also demonstrates how paying an amoung greater than the minimum can reduce your cost of financing.
The table above was created using the following assumptions:
All calculations in this table are based upon an Annual Percentage Rate of 29.99%;
Payments are made timely so as not to be considered late by the creditor;
Payment are made each period, and no debt cancellation or suspension agreement applies to the Account;
No interest rate changes will affect the Account;
No other balances are currently carried or will be carried on the Account;
Taxes, shipping and other charges are extra and vary. And, may affect your monthly payment;
Goods or services are delivered on a single date; And,
You are not currently and will not become delinquent on the Account.
^DELL PREFERRED ACCOUNT (DPA): Offered to U.S. residents by WebBank, who determines qualifications for and terms of credit. Promotion eligibility varies and is determined by WebBank. Taxes, shipping, and other charges are extra and vary.