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- Path: sparky!uunet!cs.utexas.edu!usc!sdd.hp.com!swrinde!elroy.jpl.nasa.gov!classy!lauraf
- From: lauraf@classy.Jpl.Nasa.Gov (Laura Floom)
- Newsgroups: misc.consumers
- Subject: Rule of 78ths
- Message-ID: <1992Jul30.043555.27074@elroy.jpl.nasa.gov>
- Date: 30 Jul 92 04:35:55 GMT
- Sender: news@elroy.jpl.nasa.gov (Usenet)
- Organization: Jet Propulsion Laboratory, Pasadena, CA
- Lines: 9
- Nntp-Posting-Host: classy.jpl.nasa.gov
-
- A friend just got a car loan that uses Rule of 78ths. She is planning to
- pay off the loan in about 6 months (it is amortized over 4 years). I seem
- to remember reading in this newsgroup an explanation of this scheme, and if
- I remember correctly, it is a bad idea to use Rule of 78ths if you plan on
- paying off early. Can some kind person send me (or post) an explanation.
- Sorry to bring it up so soon after the last time.
-
- Thanks,
- Laura Floom
-