Credit Card Calculator

 
 
 

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Credit Card Calculator

Modernising your business with IT can form a significant investment when you have to purchase items like computers and accessories. We have included a link to the MoneySmart credit card calculator so you can see how long it will take to pay off and how much interest you could save by paying it off faster.

The link below is provided for your information only and is not to be considered as finance advice. We recommended that you consult with your accountant or business advisor.

Money Smart Credit Card Calculator

 

Below are some examples of the Money Smart Credit Card Calculator in action.

 

 
 

Scenario 1 - Purchasing a Tablet for John

A new employee, John, is starting work and needs a small tablet with apps to use for work. The business wants it to be a Windows tablet, as Windows is used at work and the employer wants to aid John in using the tablet without having to learn a new operating system.

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The employer looked through the Acer SMB website and really liked the Acer Iconia W4 Tablet. Although the business can afford the full cost of $349 for the tablet, it wants to see how much the tablet would cost on the credit card. Using Money Smart Credit Card Calculator, they entered the interest rate and purchase price into the calculator and discovered they can pay off the tablet PC in under one year if they make monthly payments of $35.

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Scenario 2 - Purchasing a 2-in-1 device for Jane

Jane has started work and the employer has decided to buy her a new device to use. Since Jane is going to be using it to write reports, surf the web for research, and use various windows applications for productivity, the employer wants a device with a keyboard that is also light weight and has good battery life to last the entire word day.

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The employer browsed the Acer SMB Store and found the Aspire Switch 10 which is two in one device (laptop and tablet PC). It has a 10 inches screen that can detach from the keyboard, so it can also be used solely as a tablet. This means it is light weight and can function like a laptop when docked with the keyboard, so it seems to fit the bill.

The $499 price is a little more than the business can handle in one payment, what with the recent workplace renovations, so a credit card finance is considered. Following the interest free credit card calculator link from the Acer SMB portal, the business calculated that a budget of $50 per month for one year is needed to pay off the Acer Switch 10.

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Senario 3 - Purchasing a Laptop for Tara

Tara is staring work in February and her employer wants to purchase a laptop that would last her for a couple of years. The employer hears about the Acer SMB website from a friend, who first heard about it in the monthly newsletter. The employer visited the site and found the TravelMate B113 laptop on the Acer SMB website for just $799. It’s compact, lightweight and has an Intel Core i5 processor to meet the long term demads of the workplace.

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The business decided to pay it off in months instalments using the credit over two years and checked Money Smart Credit Card Calculator to work out how much the payments would be. They employer is pleasantly surprised to find that they can pay for this sturdy little computer for only $40 per month over two years, which works out to be less than $1.40 per day.

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Senario 4 - Purchasing an Ultrabook for Luke

Luke is a skilled young man who has performed well at work. His employer wants to support his sales efforts by purchasing a premium laptop that will let him work while on the road. The business is aware of rapid technology change and likes the idea of an ultra slim convertible hybrid, onethat offers the keyboard productive of a laptop with the creative flair of a touch screen tablet using an active stylus pen.

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Attending a technology briefing, the employer learned about the up and coming release of a new Acer technology flagship model and decide to entrust Harry with this futuristic computer. Whilst not yet available on the Acer SMB website, the business estimates a $1649 inc GST price point and inputs this into the credit card calculator. The business calculates that a $60 per month repayment over three years works out to less than $2 per day.

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