Quote:
Originally Posted by OMG!WTF!
-First off--your example was people paying 4k very two weeks.
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That is their total income, yes. Monthly expenses haven't been deducted from that, and ideally won't be until the end of the month. So outside of a couple days/month, your principal amount is lowered by your net income amount,
before expenses. Those lump sum amounts every 2nd week will lower your daily interest.
I do encourage you guys to try that calculator I linked. I think you'll be surprised by the results.