Quote:
Originally Posted by satines
Isnt this the most common way of interest calculation for cars in Singapore since err...err...A VERY LONG TIME, alongside with rule 78 interest calculation.....
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yup... try telling the bank/loan company that their way of method is wrong and that you should be paying less interest as the principal sum is reduced... ha ha...
it's like telling the insurance company they shouldn't charge premium based the value of the car+coe but car only...
cheers