Thread: My plan to be debt free
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Old 09-03-2009, 11:18 PM
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cptacek cptacek is offline
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Quote:
Originally Posted by Radiance View Post

Car loan
Balance: $9410
Interest: 5.95%
Monthly payment 297, out of which 49 is interest, 248 goes to principal
Monthly interest fees: 85
How do you pay $49 of $297 in interest, yet pay $85 a month on interest?
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