Re: Long Shot Question
| From: | Ray Hauge | Date: | Tue, 19 Sep 2006 15:38:14 +0000 |
| Subject: | Re: Long Shot Question | ||
| References: | 1 2 | Groups: | php.general |
| Request: | Send a blank email to php-general+get-241942@lists.php.net to get a copy of this message | ||
On Tuesday 19 September 2006 10:34, Ray Hauge wrote:
> http://en.wikipedia.org/wiki/Amortization_%28business%29
Actually, I"m not so sure that's what I was looking for. These loans are
student loans, which differ slightly from mortgage loans. Usually the market
determines the adjustment in an ARM loan, but these have to increase payment
steadily so that the loan is still paid off by the end of the year.
At least I think I'm on the right track now.
--
Ray Hauge
Programmer/Systems Administrator
American Student Loan Services
www.americanstudentloan.com
1.800.575.1099