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

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Author Question: What is the value in paying off a loan early?[br][br][b][color=#7BCCB5]Question ... (Read 42 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.

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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

Thanks for the timely response, appreciate it

ttt030911

Member
Posts: 315

Reply 3 on: Yesterday

TYSM

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