You are not providing enough information. What is the interest rate and the term or length of time of the loan?
This depends on if the interest is compounding every year or not.
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
Repay the loan with the funds raised from a lower interest loan.
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
This depends on if the interest is compounding every year or not.
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
Repay the loan with the funds raised from a lower interest loan.
loan amount 500000 duration 7 years intrest rate 13.75%
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
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Jules Moch died in 1985.
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