On Tuesday 19 September 2006 10:34, Ray Hauge wrote: > http://en.wikipedia.org/wiki/Amortization_%28business%29
Actually, I"m not so sure that's what I was looking for. These loans are student loans, which differ slightly from mortgage loans. Usually the market determines the adjustment in an ARM loan, but these have to increase payment steadily so that the loan is still paid off by the end of the year. At least I think I'm on the right track now. -- Ray Hauge Programmer/Systems Administrator American Student Loan Services www.americanstudentloan.com 1.800.575.1099 -- PHP General Mailing List (http://www.php.net/) To unsubscribe, visit: http://www.php.net/unsub.php
