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Author: TMFJedi Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 309050  
Subject: Re: Credit Card or Loan? Date: 3/18/1998 3:18 PM
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<<There is no crossover point as the post seems to imply. Paying the same amount to both loans will
*always* result in the lower interest rate loan being paid off first. This may not hold true for some
payment amounts if one loan is compounded monthly and the other daily. I haven't run the numbers
(monthly v. daily), so I'm not 100% positive about that.>>

Good morning, Kaiti! Can you tell my fingers weren't obeying me too well when I posted my numbers?

And the crossover was not intentionally implied - I just thought the comparison might be of interest. I'd run the daily numbers on the credit card, but, alas, I just don't have the time at the moment. Anyone else care to take a shot at it?

Jdei orboting topys
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