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Interest Calculation for Compensation Due D 27Pdf Form

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Interest Calculation for Compensation Due D 27Pdf Form

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because wouldn't three percent again let's bring up the calculator wouldn't twenty thousand dollars times point zero three for three percent is six hundred dollars wouldn't my interest be six hundred dollars and the answer is no because each and every month a part of this payment right here is going towards the principal or that twenty thousand dollars your principal is the amount that you're originally taking out in that loan and it will slowly decrease over time and so or increase the actual amount of this will increase towards that loan but this number is going to decrease each and every single month that means more and more is actually going towards the principal the amount that you're actually borrowing and less is going towards the interest payment each and every single month of this amount

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