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SHOULD I PAY OFF MY DEBT EARLY OR INVEST IN SAVINGS ?


  Calculate which is the better financial decision; paying off debt early or investing the same amount.


 
 Assumptions
  Debt
  Amount You Owe:
  Rate on Debt (0% - 50%):  
  Term of Debt (1 - 360 months):  
  Investment
  Monthly Savings
  Rate of Return (0% - 15%):  
  Federal & State Tax Rate (0% - 50%):  

 
 
  Pay Debt Early vs. Savings
 
  Term of Debt ( )
  Net earnings if you pay your debt early
  Net earnings if you invest in savings
 
Results
     
  Account Details  
    Pay Debt Early Invest in Savings  
  Earnings      
  Interest Avoided:   N/A  
  Net Earnings:      
 
     
This information is provided for illustrative purposes only and is not intended to constitute legal, financial, or other advice. This information does not constitute an application, offer or commitment by Wachovia, or a representation of current tax, stock value, interest rates, investment performance or any other future performance. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals.

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