Jun 22 2018, 04:14 PM
QUOTE(rapple @ Jun 20 2018, 01:46 PM)
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The yearly effective interest rate based on 3% FD and 3% car loan interest.
*To break even the finance cost for a 7 year loan, one will need at least 6.5 years of time in FD placement.
i calculated TS's 3% HP rate is equivalent to 5.64% EIR for a 5 year tenure at 50k loan amountThe yearly effective interest rate based on 3% FD and 3% car loan interest.
*To break even the finance cost for a 7 year loan, one will need at least 6.5 years of time in FD placement.
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