If you have a loan with a set interest rate that stays the same over time, and you pay off that loan with equal payments spread out over equal intervals until it is paid off, then it is mathematically required that the earlier payments are...
I see what you're saying.
That actually makes it worse for the borrower. It takes away their ability to lessen that amount of interest paid by paying off some of the loan before the 5 years are up.
In a mortgage, allowing people to make monthly...
Interest doesn't need to be compounded continuously to be compound interest. It can be compounded daily, weekly, monthly, yearly, or whatever other period you want. It is still going to compound over any amount of time that is longer than that...
Because, at the beginning of paying off the loan, the amount owed is high, so the amount of interest that accrues in a given period is high.
At the end of paying off the loan, the amount owed is low, so the amount of interest that accrues in a...
That's the NEW thesis being promulgated from people who used to say the opposite. That's Neil Degrasse Tyson's point.
Edit: Bringing this back to the point I was making earlier, that's why racism, no matter how people try to dress it up, is...
With simple interest loans, where the interest stays the same, and you pay them off with equal payments per whatever payment period, then it is mathematically required that the earlier payments be more weighted to interest and the later ones...
Listen to Trump starting at 37 seconds in that video. Notice how he says "they" referring to ICE, as if it's some other group that he's opposing and not his own employees following his orders.
The terms of how the interest accrues is part of the agreement. If there is a provision that there is no interest for the first x number of months, then you're right for those months. A car loan may have that as an incentive to get people to take...
The building itself is mad. The house is like, the British burned me before I was anywhere near that old, and if I hadn't been paid for the owner would have let the bank take me and the bank would have torn me down and sold my lot. It doesn't...
I'm also a young earth creationist. But isn't the thesis you're talking about essentially a euphemistic way of saying that people with more Neanderthal DNA (which, if I understand correctly, is more prominent in east Asians than it is in...
I don't expect any last minute nonsense. There could be. It's within the realm of possibility that the House could change the rules or find a way to violate their own rules. But I see no reason to think they would prefer that to the simpler...