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Author Question: What is the value in paying off a loan early?[br][br][b][color=#7BCCB5]Question ... (Read 53 times)

Caiter2013

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on: Jun 24, 2018
What is the value in paying off a loan early?

Question 2

Explain how to calculate the daily interest factor.


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mk6555

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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

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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