How do I calculate my monthly credit card payment?
You can calculate your monthly credit card payment by multiplying the monthly interest rate by the outstanding balance. The monthly rate can be obtained by dividing your APR by 12 for the number of months in a year. The simplest way to do that is using a credit card calculator.
Keep in mind that your monthly credit card payment can be any amount between the minimum set by your issuer and your entire balance. You also...