======================================================================== * * * RAPID DEBT ELIMINATION MONITOR MATRIX * * * LEXICOGRAPHIC BILL PAY-OFF ORDER Initial ACCELERATOR MARGIN ........ $ .00 ======================================================================== PAYMENT STRATEGY # 1 Apply cumulative ACCELERATOR MARGINS to accounts in INDICATED ORDER. As each account is completely paid off, INCREASE accelerator margin by the amount of monthly payment on that account, using this SUM as a NEW ACCELERATOR MARGIN to pay off the next account in sequence. Execute this process, while maintaining the required monthly payments on all other accounts, WITHOUT FURTHER BORROWING OR CREDIT PURCHASES. ======================================================================== TOTAL ($) MONTHLY PAY-OFF % PAY-OFF BALANCE ($) RATIO APR ORDER NAME OF DEBT OWED PAYMENT ------------------ --------- -------- ------- ------- ------- ommercial Crdt. II 353.10 76.30 4.628 21.00 % * 1). ------------------ --------- -------- ------- ------- ------- itgo 247.40 50.00 4.948 21.00 % * 2). ------------------ --------- -------- ------- ------- ------- ommercial Crdt. I 343.60 40.00 8.590 21.00 % * 3). ------------------ --------- -------- ------- ------- ------- .C. Penny 729.00 80.00 9.113 21.00 % * 4). ------------------ --------- -------- ------- ------- ------- ervyn's 94.60 10.00 9.460 21.00 % * 5). ------------------ --------- -------- ------- ------- ------- apitol One 478.10 40.00 11.953 19.80 % * 6). ------------------ --------- -------- ------- ------- ------- WA 637.90 50.00 12.758 19.80 % * 7). ------------------ --------- -------- ------- ------- ------- egions Bank 4780.30 284.00 16.832 9.30 % * 8). ------------------ --------- -------- ------- ------- ------- ank of America 3694.90 194.00 19.046 21.40 % * 9). ------------------ --------- -------- ------- ------- ------- NANB I 3383.30 135.00 25.061 20.60 % * 10). ------------------ --------- -------- ------- ------- ------- ity Bank II AAdva. 10110.40 320.00 31.595 19.30 % * 11). ------------------ --------- -------- ------- ------- ------- adio Shack 4158.10 125.00 33.265 24.80 % * 12). ------------------ --------- -------- ------- ------- ------- ontgomery Ward II 577.70 16.00 36.106 22.50 % * 13). ------------------ --------- -------- ------- ------- ------- ity Bank I AAdvan. 6344.60 170.00 37.321 21.40 % * 14). ------------------ --------- -------- ------- ------- ------- hase Bank 5247.40 135.00 38.870 23.40 % * 15). ------------------ --------- -------- ------- ------- ------- ontgomery Ward I 1435.20 36.00 39.867 22.50 % * 16). ------------------ --------- -------- ------- ------- ------- ears Roebuck & Co. 2963.10 71.00 41.734 21.00 % * 17). ------------------ --------- -------- ------- ------- ------- NANB II 961.00 20.00 48.050 16.10 % * 18). ------------------ --------- -------- ------- ------- ------- iscover 2209.10 45.00 49.091 20.90 % * 19). ------------------ --------- -------- ------- ------- ------- BNA 9254.90 185.00 50.026 21.90 % * 20). ------------------ --------- -------- ------- ------- ------- irect Merchnt Bnk. 2079.20 40.00 51.980 22.90 % * 21). ------------------ --------- -------- ------- ------- ------- ) TOTALS ------> 60082.90 2122.30 ======================================================================== ======================================================================= * * * RAPID DEBT ELIMINATION MONITOR MATRIX * * * PRIORITIZED ACCOUNT PAY-OFF ORDER (Based on Annual Percentage Rate (APR) Per Account Initial ACCELERATOR MARGIN ........ $ .00 ======================================================================= PAYMENT STRATEGY # 2 Apply cumulative ACCELERATOR MARGINS to accounts in INDICATED ORDER. As each account is completely paid off, INCREASE accelerator margin by the amount of monthly payment on that account, using this SUM as a NEW ACCELERATOR MARGIN to pay off the next account in sequence. Execute this process, while maintaining the required monthly payments on all other accounts, WITHOUT FURTHER BORROWING OR CREDIT PURCHASES. ======================================================================= TOTAL ($) MONTHLY PAY-OFF % PAY-OFF BALANCE ($) RATIO APR ORDER NAME OF DEBT OWED PAYMENT ------------------ --------- -------- ------- ------- ------- adio Shack 4158.10 125.00 33.265 24.80 % * 1). ------------------ --------- -------- ------- ------- ------- hase Bank 5247.40 135.00 38.870 23.40 % * 2). ------------------ --------- -------- ------- ------- ------- irect Merchnt Bnk. 2079.20 40.00 51.980 22.90 % * 3). ------------------ --------- -------- ------- ------- ------- ontgomery Ward II 577.70 16.00 36.106 22.50 % * 4). ------------------ --------- -------- ------- ------- ------- ontgomery Ward I 1435.20 36.00 39.867 22.50 % * 5). ------------------ --------- -------- ------- ------- ------- BNA 9254.90 185.00 50.026 21.90 % * 6). ------------------ --------- -------- ------- ------- ------- ank of America 3694.90 194.00 19.046 21.40 % * 7). ------------------ --------- -------- ------- ------- ------- ity Bank I AAdvan. 6344.60 170.00 37.321 21.40 % * 8). ------------------ --------- -------- ------- ------- ------- ommercial Crdt. II 353.10 76.30 4.628 21.00 % * 9). ------------------ --------- -------- ------- ------- ------- itgo 247.40 50.00 4.948 21.00 % * 10). ------------------ --------- -------- ------- ------- ------- ommercial Crdt. I 343.60 40.00 8.590 21.00 % * 11). ------------------ --------- -------- ------- ------- ------- .C. Penny 729.00 80.00 9.113 21.00 % * 12). ------------------ --------- -------- ------- ------- ------- ervyn's 94.60 10.00 9.460 21.00 % * 13). ------------------ --------- -------- ------- ------- ------- ears Roebuck & Co. 2963.10 71.00 41.734 21.00 % * 14). ------------------ --------- -------- ------- ------- ------- iscover 2209.10 45.00 49.091 20.90 % * 15). ------------------ --------- -------- ------- ------- ------- NANB I 3383.30 135.00 25.061 20.60 % * 16). ------------------ --------- -------- ------- ------- ------- apitol One 478.10 40.00 11.953 19.80 % * 17). ------------------ --------- -------- ------- ------- ------- WA 637.90 50.00 12.758 19.80 % * 18). ------------------ --------- -------- ------- ------- ------- ity Bank II AAdva. 10110.40 320.00 31.595 19.30 % * 19). ------------------ --------- -------- ------- ------- ------- NANB II 961.00 20.00 48.050 16.10 % * 20). ------------------ --------- -------- ------- ------- ------- egions Bank 4780.30 284.00 16.832 9.30 % * 21). ------------------ --------- -------- ------- ------- ------- TOTALS ------> 60082.90 2122.30 ======================================================================= ________________________________________________________________________ Using PAYMENT STRATEGY # 1, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ .00 , the total estimated amount of TIME required to PAY-OFF all debts is : 3 Year(s) and 2 Month(s) <======> 3.17 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 23082.43 (FINAL) Grand Total Amount Re-paid ......... $ 83165.33 Using PAYMENT STRATEGY # 2, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ .00 , the total estimated amount of TIME required to PAY-OFF all debts is : 3 Year(s) and 2 Month(s) <======> 3.17 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 23064.49 (FINAL) Grand Total Amount Re-paid ......... $ 83147.39 ________________________________________________________________________ Using PAYMENT STRATEGY # 1, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 100.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 3 Year(s) and 0 Month(s) <======> 3.00 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 22437.82 (FINAL) Grand Total Amount Re-paid ......... $ 82520.73 ________________________________________________________________________ Using PAYMENT STRATEGY # 2, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 100.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 3 Year(s) and 0 Month(s) <======> 3.00 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 22544.89 (FINAL) Grand Total Amount Re-paid ......... $ 82627.80 ________________________________________________________________________ Using PAYMENT STRATEGY # 1, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 200.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 2 Year(s) and 10 Month(s) <======> 2.83 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 21316.93 (FINAL) Grand Total Amount Re-paid ......... $ 81399.83 ________________________________________________________________________ Using PAYMENT STRATEGY # 2, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 200.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 2 Year(s) and 10 Month(s) <======> 2.83 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 21625.29 (FINAL) Grand Total Amount Re-paid ......... $ 81708.20 ________________________________________________________________________ Using PAYMENT STRATEGY # 1, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 500.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 2 Year(s) and 5 Month(s) <======> 2.42 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 18100.21 (FINAL) Grand Total Amount Re-paid ......... $ 78183.12 ________________________________________________________________________ Using PAYMENT STRATEGY # 2, assuming MONTHLY PERIODIC PAYMENTS, and a desired INITIAL ACCELERATOR MARGIN of $ 500.00 , the total estimated amount of TIME required to PAY-OFF all debts is : 2 Year(s) and 5 Month(s) <======> 2.42 Year(s). (INITIAL) Grand Total Amount Owed .......... $ 60082.90 Total Amount of Interest Paid ............... $ 18713.79 (FINAL) Grand Total Amount Re-paid ......... $ 78796.70 ________________________________________________________________________ ======================================================================== IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 1 and an ACCELERATOR MARGIN = $ .00 ) ======================================================================== UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- ---------- . Commercial Crdt. II .42 0 Yrs. / 5 Mos. .00 . Citgo .50 0 Yrs. / 6 Mos. 76.30 . Commercial Crdt. I .50 0 Yrs. / 6 Mos. 126.30 . J.C. Penny .58 0 Yrs. / 7 Mos. 166.30 . Mervyn's .58 0 Yrs. / 7 Mos. 246.30 . Capitol One .67 0 Yrs. / 8 Mos. 256.30 . TWA .75 0 Yrs. / 9 Mos. 296.30 . Regions Bank 1.08 1 Yrs. / 1 Mos. 346.30 . Bank of America 1.25 1 Yrs. / 3 Mos. 630.30 . FNANB I 1.42 1 Yrs. / 5 Mos. 824.30 . City Bank II AAdva. 1.92 1 Yrs. / 11 Mos. 959.30 . Radio Shack 2.08 2 Yrs. / 1 Mos. 1279.30 . Montgomery Ward II 2.08 2 Yrs. / 1 Mos. 1404.30 . City Bank I AAdvan. 2.33 2 Yrs. / 4 Mos. 1420.30 . Chase Bank 2.50 2 Yrs. / 6 Mos. 1590.30 . Montgomery Ward I 2.58 2 Yrs. / 7 Mos. 1725.30 . Sears Roebuck & Co. 2.67 2 Yrs. / 8 Mos. 1761.30 . FNANB II 2.67 2 Yrs. / 8 Mos. 1832.30 . Discover 2.75 2 Yrs. / 9 Mos. 1852.30 . MBNA 3.08 3 Yrs. / 1 Mos. 1897.30 . Direct Merchnt Bnk. 3.17 3 Yrs. / 2 Mos. 2082.30 --- ----------------- ------------ ------------------- ---------- ======================================================================== IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 2 and an ACCELERATOR MARGIN = $ .00 ) ======================================================================== UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- ----------- . Commercial Crdt. II .42 0 Yrs. / 5 Mos. .00 . Citgo .50 0 Yrs. / 6 Mos. 76.30 . Commercial Crdt. I .75 0 Yrs. / 9 Mos. 126.30 . J.C. Penny .83 0 Yrs. / 10 Mos. 166.30 . Mervyn's .83 0 Yrs. / 10 Mos. 246.30 . Capitol One 1.17 1 Yrs. / 2 Mos. 256.30 . TWA 1.17 1 Yrs. / 2 Mos. 296.30 . Radio Shack 1.50 1 Yrs. / 6 Mos. 346.30 . Regions Bank 1.58 1 Yrs. / 7 Mos. 471.30 . Chase Bank 1.92 1 Yrs. / 11 Mos. 755.30 . Bank of America 2.00 2 Yrs. / 0 Mos. 890.30 . Direct Merchnt Bnk. 2.08 2 Yrs. / 1 Mos. 1084.30 . Montgomery Ward II 2.08 2 Yrs. / 1 Mos. 1124.30 . Montgomery Ward I 2.17 2 Yrs. / 2 Mos. 1140.30 . MBNA 2.75 2 Yrs. / 9 Mos. 1176.30 . FNANB I 2.83 2 Yrs. / 10 Mos. 1361.30 . City Bank I AAdvan. 2.92 2 Yrs. / 11 Mos. 1496.30 . Sears Roebuck & Co. 3.00 3 Yrs. / 0 Mos. 1666.30 . Discover 3.08 3 Yrs. / 1 Mos. 1737.30 . City Bank II AAdva. 3.17 3 Yrs. / 2 Mos. 1782.30 . FNANB II 3.17 3 Yrs. / 2 Mos. 2102.30 --- ----------------- ------------ ------------------- ---------- ======================================================================== IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 1 and an ACCELERATOR MARGIN = $ 100.00 ) ======================================================================== UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- ---------- . Commercial Crdt. II .25 0 Yrs. / 3 Mos. 100.00 . Citgo .25 0 Yrs. / 3 Mos. 176.30 . Commercial Crdt. I .33 0 Yrs. / 4 Mos. 226.30 . J.C. Penny .42 0 Yrs. / 5 Mos. 266.30 . Mervyn's .42 0 Yrs. / 5 Mos. 346.30 . Capitol One .50 0 Yrs. / 6 Mos. 356.30 . TWA .58 0 Yrs. / 7 Mos. 396.30 . Regions Bank .92 0 Yrs. / 11 Mos. 446.30 . Bank of America 1.08 1 Yrs. / 1 Mos. 730.30 . FNANB I 1.25 1 Yrs. / 3 Mos. 924.30 . City Bank II AAdva. 1.75 1 Yrs. / 9 Mos. 1059.30 . Radio Shack 1.92 1 Yrs. / 11 Mos. 1379.30 . Montgomery Ward II 1.92 1 Yrs. / 11 Mos. 1504.30 . City Bank I AAdvan. 2.17 2 Yrs. / 2 Mos. 1520.30 . Chase Bank 2.33 2 Yrs. / 4 Mos. 1690.30 . Montgomery Ward I 2.42 2 Yrs. / 5 Mos. 1825.30 . Sears Roebuck & Co. 2.50 2 Yrs. / 6 Mos. 1861.30 . FNANB II 2.50 2 Yrs. / 6 Mos. 1932.30 . Discover 2.58 2 Yrs. / 7 Mos. 1952.30 . MBNA 2.92 2 Yrs. / 11 Mos. 1997.30 . Direct Merchnt Bnk. 3.00 3 Yrs. / 0 Mos. 2182.30 --- ----------------- ------------ ------------------- --------- ======================================================================= IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 2 and an ACCELERATOR MARGIN = $ 100.00 ) ======================================================================= UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- --------- . Commercial Crdt. II .42 0 Yrs. / 5 Mos. 100.00 . Citgo .50 0 Yrs. / 6 Mos. 176.30 . Commercial Crdt. I .75 0 Yrs. / 9 Mos. 226.30 . J.C. Penny .83 0 Yrs. / 10 Mos. 266.30 . Mervyn's .83 0 Yrs. / 10 Mos. 346.30 . Capitol One 1.17 1 Yrs. / 2 Mos. 356.30 . TWA 1.17 1 Yrs. / 2 Mos. 396.30 . Radio Shack 1.25 1 Yrs. / 3 Mos. 446.30 . Regions Bank 1.58 1 Yrs. / 7 Mos. 571.30 . Chase Bank 1.67 1 Yrs. / 8 Mos. 855.30 . Direct Merchnt Bnk. 1.83 1 Yrs. / 10 Mos. 990.30 . Montgomery Ward II 1.92 1 Yrs. / 11 Mos. 1030.30 . Montgomery Ward I 2.00 2 Yrs. / 0 Mos. 1046.30 . Bank of America 2.00 2 Yrs. / 0 Mos. 1082.30 . MBNA 2.50 2 Yrs. / 6 Mos. 1276.30 . City Bank I AAdvan. 2.67 2 Yrs. / 8 Mos. 1461.30 . Sears Roebuck & Co. 2.75 2 Yrs. / 9 Mos. 1631.30 . Discover 2.83 2 Yrs. / 10 Mos. 1702.30 . FNANB I 2.83 2 Yrs. / 10 Mos. 1747.30 . City Bank II AAdva. 3.00 3 Yrs. / 0 Mos. 1882.30 . FNANB II 3.00 3 Yrs. / 0 Mos. 2202.30 --- ----------------- ------------ ------------------- --------- ======================================================================= IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 1 and an ACCELERATOR MARGIN = $ 200.00 ) ======================================================================= UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- ---------- . Commercial Crdt. II .17 0 Yrs. / 2 Mos. 200.00 . Citgo .17 0 Yrs. / 2 Mos. 276.30 . Commercial Crdt. I .25 0 Yrs. / 3 Mos. 326.30 . J.C. Penny .33 0 Yrs. / 4 Mos. 366.30 . Mervyn's .33 0 Yrs. / 4 Mos. 446.30 . Capitol One .42 0 Yrs. / 5 Mos. 456.30 . TWA .50 0 Yrs. / 6 Mos. 496.30 . Regions Bank .83 0 Yrs. / 10 Mos. 546.30 . Bank of America 1.00 1 Yrs. / 0 Mos. 830.30 . FNANB I 1.17 1 Yrs. / 2 Mos. 1024.30 . City Bank II AAdva. 1.58 1 Yrs. / 7 Mos. 1159.30 . Radio Shack 1.75 1 Yrs. / 9 Mos. 1479.30 . Montgomery Ward II 1.75 1 Yrs. / 9 Mos. 1604.30 . City Bank I AAdvan. 2.00 2 Yrs. / 0 Mos. 1620.30 . Chase Bank 2.17 2 Yrs. / 2 Mos. 1790.30 . Montgomery Ward I 2.25 2 Yrs. / 3 Mos. 1925.30 . Sears Roebuck & Co. 2.33 2 Yrs. / 4 Mos. 1961.30 . FNANB II 2.33 2 Yrs. / 4 Mos. 2032.30 . Discover 2.42 2 Yrs. / 5 Mos. 2052.30 . MBNA 2.75 2 Yrs. / 9 Mos. 2097.30 . Direct Merchnt Bnk. 2.83 2 Yrs. / 10 Mos. 2282.30 --- ----------------- ------------ ------------------- ---------- ======================================================================== IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 2 and an ACCELERATOR MARGIN = $ 200.00 ) ======================================================================== UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- ----------- . Commercial Crdt. II .42 0 Yrs. / 5 Mos. 200.00 . Citgo .50 0 Yrs. / 6 Mos. 276.30 . Commercial Crdt. I .75 0 Yrs. / 9 Mos. 326.30 . J.C. Penny .83 0 Yrs. / 10 Mos. 366.30 . Mervyn's .83 0 Yrs. / 10 Mos. 446.30 . Radio Shack 1.00 1 Yrs. / 0 Mos. 456.30 . Capitol One 1.17 1 Yrs. / 2 Mos. 581.30 . TWA 1.17 1 Yrs. / 2 Mos. 621.30 . Chase Bank 1.50 1 Yrs. / 6 Mos. 671.30 . Regions Bank 1.58 1 Yrs. / 7 Mos. 806.30 . Direct Merchnt Bnk. 1.67 1 Yrs. / 8 Mos. 1090.30 . Montgomery Ward II 1.67 1 Yrs. / 8 Mos. 1130.30 . Montgomery Ward I 1.75 1 Yrs. / 9 Mos. 1146.30 . Bank of America 2.00 2 Yrs. / 0 Mos. 1182.30 . MBNA 2.25 2 Yrs. / 3 Mos. 1376.30 . City Bank I AAdvan. 2.42 2 Yrs. / 5 Mos. 1561.30 . Sears Roebuck & Co. 2.58 2 Yrs. / 7 Mos. 1731.30 . Discover 2.67 2 Yrs. / 8 Mos. 1802.30 . FNANB I 2.67 2 Yrs. / 8 Mos. 1847.30 . City Bank II AAdva. 2.75 2 Yrs. / 9 Mos. 1982.30 . FNANB II 2.83 2 Yrs. / 10 Mos. 2302.30 --- ----------------- ------------ ------------------- --------- ======================================================================= IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 1 and an ACCELERATOR MARGIN = $ 500.00 ) ======================================================================= UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- --------- . Commercial Crdt. II .08 0 Yrs. / 1 Mos. 500.00 . Citgo .08 0 Yrs. / 1 Mos. 576.30 . Commercial Crdt. I .17 0 Yrs. / 2 Mos. 626.30 . J.C. Penny .25 0 Yrs. / 3 Mos. 666.30 . Mervyn's .25 0 Yrs. / 3 Mos. 746.30 . Capitol One .25 0 Yrs. / 3 Mos. 756.30 . TWA .33 0 Yrs. / 4 Mos. 796.30 . Regions Bank .58 0 Yrs. / 7 Mos. 846.30 . Bank of America .75 0 Yrs. / 9 Mos. 1130.30 . FNANB I .92 0 Yrs. / 11 Mos. 1324.30 . City Bank II AAdva. 1.33 1 Yrs. / 4 Mos. 1459.30 . Radio Shack 1.42 1 Yrs. / 5 Mos. 1779.30 . Montgomery Ward II 1.50 1 Yrs. / 6 Mos. 1904.30 . City Bank I AAdvan. 1.67 1 Yrs. / 8 Mos. 1920.30 . Chase Bank 1.83 1 Yrs. / 10 Mos. 2090.30 . Montgomery Ward I 1.92 1 Yrs. / 11 Mos. 2225.30 . Sears Roebuck & Co. 2.00 2 Yrs. / 0 Mos. 2261.30 . FNANB II 2.00 2 Yrs. / 0 Mos. 2332.30 . Discover 2.08 2 Yrs. / 1 Mos. 2352.30 . MBNA 2.33 2 Yrs. / 4 Mos. 2397.30 . Direct Merchnt Bnk. 2.42 2 Yrs. / 5 Mos. 2582.30 --- ----------------- ------------ ------------------- --------- ======================================================================= IME-SEQUENCE-MATRIX FOR STEP-WISE ELIMINATION OF ACCOUNTS IN SEQUENCE Terms of PAYMENT STRATEGY # 2 and an ACCELERATOR MARGIN = $ 500.00 ) ======================================================================= UNT ACCOUNT PAY-OFF-TIME PAY-OFF-TIME ACCELERATOR ) NAME (in Years) (in Years & Months) MARGIN AT PAY-OFF --- -------------- ------------ ------------------- --------- . Commercial Crdt. II .42 0 Yrs. / 5 Mos. 500.00 . Citgo .50 0 Yrs. / 6 Mos. 576.30 . Radio Shack .58 0 Yrs. / 7 Mos. 626.30 . Commercial Crdt. I .75 0 Yrs. / 9 Mos. 751.30 . J.C. Penny .83 0 Yrs. / 10 Mos. 791.30 . Mervyn's .83 0 Yrs. / 10 Mos. 871.30 . Chase Bank 1.00 1 Yrs. / 0 Mos. 881.30 . Direct Merchnt Bnk. 1.17 1 Yrs. / 2 Mos. 1016.30 . Capitol One 1.17 1 Yrs. / 2 Mos. 1056.30 . TWA 1.17 1 Yrs. / 2 Mos. 1096.30 . Montgomery Ward II 1.25 1 Yrs. / 3 Mos. 1146.30 . Montgomery Ward I 1.33 1 Yrs. / 4 Mos. 1162.30 . Regions Bank 1.58 1 Yrs. / 7 Mos. 1198.30 . MBNA 1.75 1 Yrs. / 9 Mos. 1482.30 . Bank of America 1.83 1 Yrs. / 10 Mos. 1667.30 . City Bank I AAdvan. 2.00 2 Yrs. / 0 Mos. 1861.30 . Sears Roebuck & Co. 2.08 2 Yrs. / 1 Mos. 2031.30 . Discover 2.17 2 Yrs. / 2 Mos. 2102.30 . FNANB I 2.17 2 Yrs. / 2 Mos. 2147.30 . City Bank II AAdva. 2.33 2 Yrs. / 4 Mos. 2282.30 . FNANB II 2.42 2 Yrs. / 5 Mos. 2602.30 --- ----------------- ------------ ------------------- --------- * * * DEBT ELIMINATION TIME CALCULATOR * * * Total ($) Debt ---- # Year(s) Required to Eliminate Total ($) Debt Amount ----- mount 1 Yr. 2 Yrs. 3 Yrs. 4 Yrs. 5 Yrs. 6 Yrs. 7 Yrs. ------ ------ ------ ------ ------ ------ ------ 1000 88 46 32 25 21 19 17 3000 264 138 97 76 64 56 50 5000 440 231 161 127 106 93 83 7000 615 323 226 178 149 130 116 10000 879 461 323 254 212 185 166 15000 1319 692 484 380 319 278 249 20000 1758 923 645 507 425 371 332 30000 2637 1384 968 761 637 556 498 ------------- Total Monthly ($) Payment Amount --------------- EXAMPLE If you were in debt for an amount of $15,000 and you faithfully paid an amount of $692 per month on your indebtedness, then it would take you 2 years to completely eliminate your debt, assuming that you will not continually add more debt. Total ($) Debt ---- # Year(s) Required to Eliminate Total ($) Debt Amount ----- mount 1 Yr. 2 Yrs. 3 Yrs. 4 Yrs. 5 Yrs. 6 Yrs. 7 Yrs. ------ ------ ------ ------ ------ ------ ------ 40000 3517 1846 1291 1015 850 741 664 50000 4396 2307 1613 1268 1062 926 830 75000 6594 3461 2420 1902 1594 1389 1245 00000 8792 4614 3227 2536 2125 1853 1660 25000 10989 5768 4033 3170 2656 2316 2075 50000 13187 6922 4840 3804 3187 2779 2490 00000 17583 9229 6453 5073 4249 3705 3320 50000 21979 11536 8067 6341 5312 4631 4150 00000 26375 13843 9680 7609 6374 5558 4980 ------------- Total Monthly ($) Payment Amount ---------------- EXAMPLE If you were in debt for an amount of $75,000 and you faithfully paid an amount of $2,420 per month on your indebtedness, then it would take you 3 years to completely eliminate your debt, assuming that you will not continually add more debt.