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Old 04-23-2009, 03:30 PM   #31
Buck Buck is offline
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Billards Champion Yeti Sports 1 - Pingu Throw Champion
Join Date: Nov 2006
Location: San Diego
Casino cash: $133349481
Flopnuts help me out here.

Lets say you get a loan for $3400

You put $500 down in a down payment, and have 10% compound interest.

You pay $400 a month back on the loan.

What does that 10% compound interest mean?
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