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re: Chavis departure details - Baton Rouge Advocate

Posted on 1/24/15 at 9:25 am to
Posted by SOCAL TIGER
SOCAL
Member since Jan 2005
10724 posts
Posted on 1/24/15 at 9:25 am to
How do you owe $400,000 grand and you get to pay monthly installments with no interest?
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
68677 posts
Posted on 1/24/15 at 9:37 am to
quote:

How do you owe $400,000 grand and you get to pay monthly installments with no interest?




Because that's the way the contract was written.

Kind of like if you qualify for 0% interest for a car loan you might not have to pay any interest on the principal over 5 years. It's all about what's offered/in the language.
This post was edited on 1/24/15 at 9:38 am
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