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Written by Administrator
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Monday, 29 January 2007 |
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Why is reducing the HIGHEST INTEREST RATE account so important?
High Interest Rates increase the Interest Amount (in dollars) paid for loans. For accounts with a small Loan Balance
this additional interest amount could be small. For accounts with a large Loan Balance, the additional interest amount
can be substantial. It is important to limit the use of high Interest Rate accounts in order to keep Interest Amounts low. |
