Comment on Why 30 year old entrepreneurs are not over the hillparentComments−tomsaffell15yPrinciple repayment is optional (when taking a loan). It only makes a small difference to interest rate [1]. So for the purposes of discussing cost minimization, it is legitimate to exclude it.[1] http://www.schwab.com/public/schwab/banking_lending/mortgage...−jacques_chester15yPedantic nitpick:Principal is the subject of a loan, or the leader of a school. Principle is an idea that people may hew to and argue about.−tomsaffell15yCould those who are down voting please explain why.
Comments
Principle repayment is optional (when taking a loan). It only makes a small difference to interest rate [1]. So for the purposes of discussing cost minimization, it is legitimate to exclude it.
[1] http://www.schwab.com/public/schwab/banking_lending/mortgage...
Pedantic nitpick:
Principal is the subject of a loan, or the leader of a school. Principle is an idea that people may hew to and argue about.
Could those who are down voting please explain why.