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Re: promissory note
- To: http://www.juno.com/~w1few (Richard)
- Subject: Re: promissory note
- From: http://dummy.us.eu.org/robert (Robert)
- Date: Sat, 18 Mar 2017 07:23:09 -0700
- Cc: http://www.myself.com/~Bhavani (Bhavani), http://www.juno.com/~bhavaniowl (Bhavani), http://www.gmail.com/~bhavaniowl (Bhavani), http://dummy.us.eu.org/noelleg (Noelle)
> From: http://dummy.us.eu.org/robert (Robert)
> Date: Fri, 17 Mar 2017 16:49:25 -0700
>
> I'll calculate the compound interest (unless you want to do it for me)
> later.
Just FYI: I just calculated the interest, compounded annually at 2.03%.
At $600/month, the loan will stretch out to 8 years and the total will be
$58,720. According to my calculations, the last payment will be made on
July 1, 2025.