Debt_Reduction_Calculator_AquaBlue.xlsx - Debt Reduction Calculator (AquaBlue design) The Debt Reduction Calculator is a ready-to-use Excel workbook that shows how quickly a set of consumer debts can be cleared and what each repayment strategy really costs in interest. Every debt is entered on its own row with its name, current balance, annual percentage rate (APR), minimum payment percentage and the stated minimum amount, and up to nine debts can be listed at once. Two further input cells hold the extra amount that can be paid each month and the date on which the current balances were taken. From these entries the workbook derives the monthly minimum payment for each debt and totals them, so the household commitment is visible immediately. Using the NPER function it then calculates how many months each debt needs, the exact date of its final payment and the total interest paid if only the minimum is ever transferred. The same debts are recalculated twice more for the two classic acceleration strategies. The lowest balance method, known as the debt snowball, directs the extra payment at the smallest balance first and rolls every freed-up payment into the next debt in line. The highest interest method, known as the debt avalanche, directs the same extra payment at the most expensive debt first and normally produces the lowest total interest. RANK, IPMT and VLOOKUP formulas re-order the debts automatically, so changing one balance or one rate re-sorts the whole plan and refreshes every payoff date without manual work. A summary strip across the top compares the three scenarios side by side - total months, date of the last payment and total interest paid - so the fastest and the cheapest route out of debt can be seen at a glance. Input cells are shaded and outlined: extra monthly payment, current balance date, and the debt name, balance, APR, minimum payment percentage and minimum amount for each row. All other cells are live formulas and should not be overwritten. Calculation logic, cell addresses and number formats are identical to the original workbook; only the visual design and the language differ.
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