The minimum payment
You owe 5,000 at 24% a year, and the interest is 100 a month. What does paying 100, 110 or 250 a month actually buy you?
Water is what you owe: 5,000 in a tank, with interest pouring in every month and your payment draining out. The panels show how long until the tank is empty, everything you paid, and how much of it was only interest. Notice what happens when the payment equals the interest.
Board: The Minimum Payment →On a narrow screen the three panels stack below the two dials, and the table scrolls sideways.
try this Drag What you pay each month from 100 up to 250 and watch Until it is gone fall.
Included with a plan
This lab is included with a plan. The first three lessons of every track are free, with their boards and videos. A plan unlocks every lesson, board, video, lab and paper for one price.