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Originally Posted by Mike simple interest and amortized are the same thing. some shady places use the rule of 78, but hardly anyone does that anyore. Then there is something
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08-16-2010, 10:49 PM
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#5 (permalink) | |
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A True Z Fanatic
Join Date: Jan 2010
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Quote:
He said my monthly would be a bit under 570 a month if I were to use the full 30k loan. That sure as hell doesn't sound right. When I was doing the math my monthly should be around 540 a month if I used the full 30k loan. |
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