The Wedding Cost Payoff Time calculator computes the time it will take to payoff a loan or credit card for the total amount of wedding expenses based on the finance APR and the amount one can afford to pay every month (MP).
INSTRUCTIONS: Choose currency units and enter the following:
(RD) This is the cost of the Rehearsal Dinner.
(WD) This is the total of the Wedding ceremony including the cost of the venue, the fee for the person officiating (e.g. minister), the cost of decorations and flowers, the cost of the wedding dress, bridesmaid's dresses, groom's and groomsmen's tuxedos, and any other cost associated with the wedding.
(RC) This is the total cost of the Reception including the cost of the venue, decorations, meal and drinks.
(HM) This is the total cost of the Honeymoon including hotels, car or limo rentals, air travel and any other expenses.
(APR%)This is the interest rate on your loan or credit card used to finance the wedding expenses.
(MP) This is the monthly payment can afford on the loan.
Months to Payoff (M): The calculator will compute the amount of time it will take to pay off the debt associated with the wedding expenses.