Posted 10/10/2018 13:43 (#7038330 - in reply to #7037833) Subject: RE: Dirt lot question?
Sioux County, NWIA
You’re not figuring interest correctly. Use 1/2 principle to calculate the average interest payment. You don’t pay interest on full principle amount over loan term. So interest should be more like 9.5 cents/hd/day at 5%.