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Results tagged with interest
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user 36744
for questions that relate to interest. Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets.
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Paying Off Student Loans Early
I currently owe $34,558.00 in student loans ($31,000.00 principal + $3,601.83 unpaid interest accrued so far) with an average interest rate of 4.877%. … The third column gives the amount of interest saved compared to choosing the standard 10-year repayment plan. The last column gives the ratio of Interest Saved / Monthly Payment. …
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