UNDERSTANDING HOW A PRECOMPUTED LOAN WORKS
UNDERSTANDING HOW A PRECOMPUTED LOAN WORKS Q. What is a precomputed loan? A precomputed loan is a loan where the interest for the term of the loan is calculated when the loan is made. The interest is included in the account balance. ... $1,943.48 $221.63 $0.00 $1,721.85 . Q. How is the interest refund calculated at payoff? ................
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