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The Water Cooler
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Money, money, money
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<blockquote data-quote="aarondhgraham" data-source="post: 4056721" data-attributes="member: 13337"><p>No surprise at all,,,</p><p>It's a 0.9% loan.</p><p></p><p>$297.61 of $307.18 goes to principle,,,</p><p>Only $9.57 goes to interest.</p><p></p><p>The good people at my credit union are very helpful,,,</p><p>They assisted me in running the math to determine which is better.</p><p></p><p>I could easily pay off the car from what I put in the CD,,,</p><p>But the dividend loss each month would be well over that $9.57 figure.</p><p></p><p>Sometimes it's best to keep your savings (CD) investment earning dividends,,,</p><p>Rather than use them to pay off a low interest loan.</p><p></p><p>Aarond</p><p></p><p>.</p></blockquote><p></p>
[QUOTE="aarondhgraham, post: 4056721, member: 13337"] No surprise at all,,, It's a 0.9% loan. $297.61 of $307.18 goes to principle,,, Only $9.57 goes to interest. The good people at my credit union are very helpful,,, They assisted me in running the math to determine which is better. I could easily pay off the car from what I put in the CD,,, But the dividend loss each month would be well over that $9.57 figure. Sometimes it's best to keep your savings (CD) investment earning dividends,,, Rather than use them to pay off a low interest loan. Aarond . [/QUOTE]
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