The Credit Card Payoff Calculator is an interactive tool designed to help users determine how long it will take to pay off their credit card debt and the total interest they will pay based on their current balance, monthly payment, and interest rate. This tool provides a clear breakdown of the repayment timeline and helps users plan their finances effectively.

With its modern design and intuitive interface, this tool is ideal for individuals, financial advisors, and businesses who want to make informed decisions about managing credit card debt.

Key Features:

1. Interactive Input Fields : Users can input their credit card balance, monthly payment, and annual interest rate.
2. Dynamic Calculation : The tool calculates the time to payoff (in months) and the total interest paid in real-time.
3. Visualization : A bar chart visualizes the breakdown of principal versus interest over the repayment period.
4. PDF Download : A fully functional PDF download button generates a detailed report with the payoff plan and visualizations.
5. Modern Design : The tool is colorful, stylish, and modern, ensuring a visually appealing user experience.
6. Self-Contained : The tool operates within its own container, ensuring no interference with the page header or footer.

Use Cases:

1. Debt Management : Individuals can use this tool to plan their credit card repayment strategy.
2. Budgeting : Understand the impact of different monthly payments on the time to payoff and total interest.
3. Educational Purposes : Students and educators can use this tool to learn about interest calculations and debt repayment strategies.
4. Financial Advisory : Financial advisors can leverage this tool to provide clients with clear debt repayment plans.

How It Works:

1. Input Data : Users input their credit card balance, monthly payment, and annual interest rate.
2. Calculation : The tool processes the inputs to calculate the time to payoff (in months) and the total interest paid using an amortization formula.
3. Visualization : Results are displayed in an interactive and visually appealing format, including a bar chart showing the breakdown of principal versus interest.
4. Download Report : Users can download a PDF report containing the payoff plan, calculations, and visualizations.