The Total Interest Percentage (TIP) indicates the total amount of interest youll pay over the life of your loan, expressed as a percentage of the original loan amount. It assumes that you make all scheduled payments on time, giving you a clear view of your long-term interest costs.
The Total Interest Percentage (TIP) indicates the total amount of interest youll pay over the life of your loan, expressed as a percentage of the original loan amount. It assumes that you make all scheduled payments on time, giving you a clear view of your long-term interest costs.
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