Wednesday, November 5, 2008

How much did you really borrow?

It is well known that when you take out a loan, you have to pay back more money than you borrowed. You have to pay interest on top of the principal that you borrowed. But how much do you really have to pay back? An easy to use calculator from FinAid will quickly tell you the answer:
http://www.finaid.org/calculators/loanpayments.phtml

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© 2008 Michael Hepner Hani Sarji The Personal Finance Lifeline Blog