Talk of The Villages Florida - View Single Post - Bond Payoff
Thread: Bond Payoff
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Old 07-12-2011, 12:45 PM
GeorgeT GeorgeT is offline
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Default Bond Payoff
Just wondering how many are planning on paying their bond off this month.
If I pay it off now I'll be even in 11 years. If I continue making annual payments I'll be paying for another 23 years and an additional 11K. The interest rate is 6%. I'm opting to pay it off and save the $500 interest payment every year.