Have you ever stopped to consider just how much money you're paying in interest payments (e.g. bank profits) over the lifetime of your debts?
How about calculating the total amount paid over the lifetime of your loan? Or how much of your monthly bill is principal repayment versus bank profits?
The answers may surprise you!
(Personal Finance)
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Personal Finance Equations You Should Know: the Amortization Equation
Shared by
Matt-SF 32 days ago
(http://steadfastfinances.com)
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