Voluntary termination question
Discussion
For voluntary termination I need to have paid 50% of the total financed cost with interest included.
So if I have 47 payments of £585 and a final payment of £19000 it would be ...
((47*585)+19000)/2
So about £23245, which if I divide by my payment of £585 means I’m at 50% at 40 months.
Is that correct?
So if I have 47 payments of £585 and a final payment of £19000 it would be ...
((47*585)+19000)/2
So about £23245, which if I divide by my payment of £585 means I’m at 50% at 40 months.
Is that correct?
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