5 Simple Statements About 78 loan Explained

If the Rule of 78, or the Rule of 78s, is executed, you spend fascination in a method that makes sure that the lender will get its share of revenue even when a loan is paid off early.five. Increased All round cost: An additional drawback of precomputed curiosity is the fact that it can lead to a greater Over-all Charge for borrowers. Since the fasc

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