car stereo installation south jersey
We Build Your Financial Intelligence So You Can Build Your Wealth
|
|
|
|
Rule of 78 -- Watch out for this auto loan trick
Aug 27, 2001 . The Rule of 78 is one rebate auto shoppers should avoid. . a mathematical formula that was devised in the days before modern calculators. . to estimate payoff amounts when a customer paid ahead on an installment loan.
http://www.bankrate.com/brm/news/auto/20010827a.asp
Rule of 78 Loan Calculator
Rule of 78 Loan Calculator determines the payment schedule for a Rule of 78 loan by calculating the magic number necessary to split the compounded interesti .
http://www.hughchou.org/calc/rule78.cgi
A quick explanation of the "Rule of 78"
Nov 17, 2008 . However, if you pay off the loan early, you will end up paying more interest with a Rule . Figuring out the payments for a simple interest loan is a job for a loan calculator. . OK, now let's do the same loan as a Rule of 78 loan: .
http://www.tiac.net/~mabaker/rule_of_78.html
Loan or Investment Formulas
Aug 5, 2012 . How to calculate loan payments (Stan Brown) . TI-83 Calculator; What's New . accounting techniques such as the “rule of 78” or the 360/365 rule. . payoff amount was frequently greater than that, owing to the “rule of 78”.
http://oakroadsystems.com/math/loan.htm
Auto Loan Prepayment Penalty Basics - CarsDirect
Jul 6, 2009 . For example, some lenders use the "Rule of 78's", which means that all payments go to pay off the full amount of the interest calculated on the loan before . The new balance upon which your payout calculation is made will .
http://www.carsdirect.com/auto-loans/understanding-car-loan-prepayment-penalties
Rule of 78 calculator
Rule of 78 calculator. Loan Amount. Monthly Payment, Total Finance Charge, Annual Interest. Number of Months: Home.
http://www.drcalculator.com/calc/rule78.html
