Big debt, fuzzy math
description: Borrower beware: If you think it’ll take just $11,500 to pay off a $10,000 loan at 15% interest, think again. By the time you factor in extra interest payments, average tax rates and other elements, it’ll take $16,400 in income to cover that $10,000 loan, explains MSN Money’s MP Dunleavey.
Tags
07/14/08
07/14/08
How to pay off $4 million of debt
How to pay off $4 million of debt
Money and Happiness
Money and Happiness
MP Dunleavey
MP Dunleavey
msn money
msn money
multimedia
multimedia
Why debt’s so tricky
Why debt’s so tricky
Comments
For some reason, I have a major crush on this woman. -
Caladan_DN
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