What is the difference between sale and loan when in the equine business?
A sale is where the horse becomes completely yours, whereas a loan may be cheaper but they aren't entirely "your horse" - the real owner could take them back at any time.
Calculating interest on a car, personal or home loan
- Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually)…
- Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.
What are the interest rates for federal student loans?
|Undergraduate Borrowers||Graduate or Professional Borrowers||Parents and Graduate or Professional Students|
|Direct Subsidized Loans and Direct Unsubsidized Loans||Direct Unsubsidized Loans||Direct PLUS Loans|
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