An amortizing loan can be a good choice if you’re wanting a longer-term loan with lower payments. It will have a higher cost of capital. A simple interest loan can be a good choice if you’re looking for a lower total cost of capital — meaning you’ll pay less in total money back — even though it may have higher APR and higher payments.
Fundera Whiteboard Series: Amortizing vs Simple Loan
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fundera under Finance
From https://www.fundera.com 2572 days ago
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