DETAILED NOTES ON 78 LOAN

If you see verbiage such as “precomputed desire,” “curiosity refund” or “rebate of desire,” this is a very good indicator the lender can be applying the Rule of 78. Inside our instance, the quantity of desire billed in the first month will be 12/seventy eight of the whole curiosity to generally be paid about the lifetime of the loan.Wh

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