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. ... You can reduce the total interest paid on the loan by paying the loan off early. Q. If interest is not ... ................
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