Is 4% really 4%? Not according to bankers math. Scenario One. Purchase a car for $15,000 4% interest rate Monthly payment $338.69 Term is 48 months or 4 years. Check for yourself at Bankrate.com Let’s look at the amortization schedule of this loan. Amortization table for $15,000.00 borrowed on Oct 03, 2010 Month / Year […]
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