When paying back loans it’s common knowledge that paying more than the minimum will reduce the duration of the loan and thus the total interest paid – saving time and money. When several loans are involved, paying back the loans by starting with the highest interest rate has been the traditional strategy for reducing interest paid. However, with multiple loans and their differing amounts, interest rates, and minimum payments this approach may not be the best strategy. For example, given a large enough loan, and long payback duration, even a low interest rate would result in a high amount of interest paid over the life of the loan. This leads to the question of how any additional payment above minimums, should be distributed to minimize the overall interest paid over the life of those loans. Rather than guessing or estimating the combination, Altair Compose can be applied to determine optimal payments.