09-25-2008, 08:51 PM
I don't think 8-8.5% is that great of a rate to pay--but it's a pretty good rate to earn. How many other investments can you make that have a guaranteed 8% payoff? Not too many!
Well, that's the rate of return you get for paying off that loan.
I wouldn't deplete my savings to pay it off but I'd definitely be aggressive in doing so.
Well, that's the rate of return you get for paying off that loan.
I wouldn't deplete my savings to pay it off but I'd definitely be aggressive in doing so.