Quote:
Originally Posted by GeorgeT
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.
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I would pay it off. You're not making 6% in the bank...