Recent content by lilmark_utsa

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    Formula for Calculating a Loan Payoff?

    I'd like to know the formula for calculating how long it will take me to pay off a loan. For example, if I took a 30yr fixed loan for $74,000 with a monthly payment of $580 at 4% interest, how many months would it take me to pay it off if I was also sending in an extra $500 a month to the...
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