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Confused about my loan
Confused about my loan I'm very new to finances so please pardon my ignorance. I took out a $15000 loan at 17.25% interest (48 term) to completely pay off 2 credit cards then just kept the remaining amount in my savings which was $3000 of the loan. I had my first monthly payment of 456.86 a couple days ago and noticed the principle was only 172.95 while the interest w...
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