The benefits and disadvantages from changing the frequency of loan repayments from monthly to fortnightly??
Pls help!!
Investment Question~~ Pls help!!
2006-12-17 9:23 am
回答 (2)
2006-12-19 8:15 pm
✔ 最佳答案
Benefits:* pay less interest as the principal is being amortized more frequently (i.e. comes down quicker)
Disadvantages:
* administratively you need to arrange repayment more frequently; forgetting to put money in the account may cost you much penalty payments
* you have less money to spend during the month
2006-12-17 4:43 pm
Benefit: PMT is less. More flexibility to cash flow.
Disadvantage: pay more interest & make the total paument bigger.
Disadvantage: pay more interest & make the total paument bigger.
收錄日期: 2021-04-13 16:58:41
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