Subject: Re: This is why Logic? is wrong

Comments:
: He finally said: : That is true, however, as I have tried to point out before, a 9% calculated with simple interest is better then a 7% loan with compound interest : WRONG! : The "simple interest" argument is used a lot by Primerica. It has a miniscule effect on the cost of the loan. Approximately 0.02% on the interest rate, when all is said and done. The "simple interest" argument is more of an emotional one, and they further cloud it by using bi-weekly payments and paying off the loan early.

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