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.