It's been a while since I've done this, but my calculator is darn smart, so let's see what we get:
Loan: US $2,500 Payment: $50/mo. Interest rates: Prime rate on 19 Jan 06: 7.25% Excellent credit: 7.25 + 0.375 = 7.63% Good credit: 7.25 + 2 = 9.25% Fair credit: 7.25 + 4 = 11.25% Term and total amount paid, assuming interest compounded monthly: Excellent credit: 61 months of payments for a total of $3,050 Good credit: 64 months for payments totaling $3,200 Fair credit: 68 months for a total of $3,400 I guess that's one way to keep people meditating regularly: remind them every month that they learned. > CitiAssist, offered by Citybank, now provides educational loans for this > 2-credit non-degree course entitled The Transcendental Meditation Program: > Developing Total Brain Potential. The course tuition is $2,500 and > CitiAssist requires a minimum payment of $50/month. This means the repayment > will be completed in 5-6 years based on current rates. The rate floats with > the prime rate, and depends on the credit status of the borrower (or > co-signer if applicable). > · excellent credit: prime + 0.375% > · good: prime + 1.0-2.0% > · fair: prime + 3.0-4.0% > Since prime is now 7%, the current CitiAssist rate ranges from 7.375 to 11% ------------------------ Yahoo! Groups Sponsor --------------------~--> Join modern day disciples reach the disfigured and poor with hope and healing http://us.click.yahoo.com/lMct6A/Vp3LAA/i1hLAA/UlWolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
