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re: help with math on interest
Posted on 5/10/17 at 2:36 pm to Hot Carl
Posted on 5/10/17 at 2:36 pm to Hot Carl
quote:
Forgive me, as I'm not sure what that means exactly
There are fees associated with loans. The fees are probably rolled into the loan which makes the payments higher. You should have a Truth In Lending statement which details this. If you look at the statement you'll see that the amount financed is a higher figure than the loan amount.
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