Go back to previous topic
Forum nameThe Pits v3.1
Topic subjectI need help with some finance schtuff (one problem)
Topic URLhttps://forums.2gnt.com/dcboard.php?az=show_topic&forum=i60&topic_id=23114
23114, I need help with some finance schtuff (one problem)
Posted by dsmmyth, Apr-15-07 12:23 PM
Lol, I don't know if anyone can help me this, but I can't tell if this is subjective, or if there's an actual real answer to it. If it was me, I'd want to pay it off all at once, but is there a definitive real answer?

Thanks in advance.




23137, RE: I need help with some finance schtuff (one problem)
Posted by RSClipse9d7, Apr-16-07 05:24 AM
I am confused by the question. Is the information in the table the different loan options?
23154, RE: I need help with some finance schtuff (one problem)
Posted by DarkOne, Apr-16-07 12:58 PM
The answer to "what is your ideal term" is subjective, but this looks like more of an exercise in excel function than anything.
23155, RE: I need help with some finance schtuff (one problem)
Posted by dsmmyth, Apr-16-07 01:53 PM
Yeah, the table is with different loan options. I just envision it like I'm buying a car.

23209, RE: I need help with some finance schtuff (one problem)
Posted by edxmon, Apr-17-07 01:39 PM
year 12:~89.13% of total loan in interest
11:~80.55%
09:~63.99%
07:~48.29%
05:~33.47%
03:~19.57%
01:~ 6.60%

at what point does the convinience of a long term payment plan outweight itself in cost?