*****Official Chiefsplanet "I have a random thought" Thread*****
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04-23-2009, 03:30 PM
Take a Chill Pill
Join Date: Nov 2006
Location: San Diego
Casino cash: $132752559
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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