On Tuesday 19 September 2006 10:38, Ray Hauge wrote: > 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. >
I meant paid off at the end of the term... -- 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
