Deleted
Joined: Apr 18, 2024 7:14:55 GMT -5
Posts: 0
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Post by Deleted on Jan 5, 2011 14:42:49 GMT -5
The power of compound interest.
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Apple
Junior Associate
Always travel with a sense of humor
Joined: Dec 17, 2010 15:51:04 GMT -5
Posts: 9,931
Mini-Profile Name Color: dc0e29
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Post by Apple on Jan 5, 2011 15:40:31 GMT -5
Not only will you spend a lot more TIME paying it off at the min. rate, you'll spend a lot more MONEY. When you use an interest calculator you can see just how much more--it's pretty amazing, and scary. The good affect is realized for savings and investments  Good luck, Insurancegal, with the new start! |
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❤ mollymouser ❤
Senior Associate
Sarcasm is my Superpower
Crazy Cat Lady
Joined: Dec 18, 2010 16:09:58 GMT -5
Posts: 12,857 
Today's Mood: Gen X ... so I'm sarcastic and annoyed
Location: Central California
Favorite Drink: Diet Mountain Dew
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Post by ❤ mollymouser ❤ on Jan 6, 2011 13:08:33 GMT -5
I think that lenders hope that people just "can't do math" and never figure these things out! I'm glad you did! |
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