Re: Long Shot Question
| From: | Ray Hauge | Date: | Tue, 19 Sep 2006 15:41:22 +0000 |
| Subject: | Re: Long Shot Question | ||
| References: | 1 2 3 | Groups: | php.general |
| Request: | Send a blank email to php-general+get-241943@lists.php.net to get a copy of this message | ||
On Tuesday 19 September 2006 10:38, Ray Hauge wrote:
> 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.
>
I meant paid off at the end of the term...
--
Ray Hauge
Programmer/Systems Administrator
American Student Loan Services
www.americanstudentloan.com
1.800.575.1099