Feni𝕏 Ammunition
@FenixAmmunition
Everyone better start preparing for the Republicans to be absolutely shellacked in the midterms.
How is it that we can take an 18 year old kid who barely graduated high school and the Navy can train him enough...
"Trump really thought that his base was unshakable and would ride with him through thick and thin.
He expected to come in and work directly against the American people under the guise of the “evil leftists” and just fool the masses.
I refuse to...
Exactly. That's not mathematical. That's contractual. There's nothing in the way numbers work in the universe that requires it. It's just how bankers roll.
Yes, that's what I am getting at.
I understand the difference between compound and simple interest.
My questions are: are not simple interest mortgages how most personal homes used to be financed? Does not a simple interest loan benefit the...
Why?
Not being snarky, seriously, why?
For the ease of math, lets say you took out $150000 loan at 4 percent over 30 year (360 months)
That would create a lending fee (interest) of $106244 over the life of the loan.
106244 / 360 = $295...
It's not a question of shorter terms, I'm talking about simple interest loans.
https://www.consumeraffairs.com/finance/what-is-a-simple-interest-loan.html
In other words, the type of loans offered by Bailey Bros. Building and Loan, before the...