Quote:
Originally Posted by heims01
Bond balance: $17,995.79
$725.04 interest
$96.06 Admin fee
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Since you are paying $725 interest for a bond of $17995, then you are only paying 4% interest. That is not too bad.
In our case, we had a bond of $21000 but we were paying 6% interest, which is a lot more than you are paying. So we went ahead and just paid it off.