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joanie

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joanie

Re: Long-vestor post# 1780

Monday, 11/21/2011 8:39:57 AM

Monday, November 21, 2011 8:39:57 AM

Post# of 2750
I think you need to check your math. An 18% loan on 75K would get you 13500 per year, or 1125/month. That assumes that they aren't paying off any principle. If they're paying P+I, then the interest payment gets smaller every month.
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