Quote:
Originally Posted by dewilson58
PLUS Admin Fee....................the effective rate is not that good.
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Absolutely! I forgot the fixed admin fee which raises the effective rate. It looks like that went down be $3 also.
Interesting: I can't seem to figure out how interest is calculated. It certainly isn't as simple as 3.05% of the previous year's balance. It isn't even as simple as 3.05% of the previous year's balance amortized monthly.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
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