Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site cornell.UUCP Path: utzoo!watmath!clyde!floyd!vax135!cornell!wally From: wally@cornell.UUCP (Wally Dietrich) Newsgroups: net.consumers,net.misc,net.taxes Subject: Re: What is "rule of 78's"? (in net.consumers) Message-ID: <7000@cornell.UUCP> Date: Wed, 21-Mar-84 17:18:42 EST Article-I.D.: cornell.7000 Posted: Wed Mar 21 17:18:42 1984 Date-Received: Thu, 22-Mar-84 02:12:24 EST References: <1070@proper.UUCP>, <948@qubix.UUCP> Organization: Cornell Univ. CS Dept. Lines: 3 Keywords: rule of 78's,loans,accounting One other important thing about the rule of 78's is that since you pay most of the interest at the beginning of the loan period, you can take a bigger tax deduction for it at the beginning of the loan period.