All the other answers are great, but I thought I might add something concrete to clarify slightly.Ĭonsider a counterexample. ![]() You’ll see a difference, based on the extra $100 principal payment.In other words, math. Take a look at the total interest paid over the life of the loan. Change the principal from $10,000 to $9,900 and run the calculation again.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |