[Answered] What is the value in paying off a loan early?[br][br][b][color=#7BCCB5]Question ...

This topic contains a solution. Click here to go to the answer

« previous next »

Author Question: What is the value in paying off a loan early?[br][br][b][color=#7BCCB5]Question ... (Read 49 times)

Caiter2013

Hero Member
Posts: 607

on: Jun 24, 2018

What is the value in paying off a loan early?

Question 2

Explain how to calculate the daily interest factor.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

mk6555

Sr. Member
Posts: 310

Reply #1 on: Jun 24, 2018

Answer to Question 1

Less interest will be paid on the loan.

Answer to Question 2

Calculate the daily interest factor by multiplying the principal by the rate of interest divided by the number of days in the year.

Caiter2013

Member
Posts: 607

Reply 2 on: Jun 24, 2018

Wow, this really help

vickyvicksss

Member
Posts: 351

Reply 3 on: Yesterday

Great answer, keep it coming

« previous next »

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.