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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (42564)9/28/2005 10:24:25 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Using the original Minimum Payment, MBNA's "reasonable" repayment time will be 100 years, or 380 years if each month's new Minimum Payment is used.

This new "reasonable" 100 year repayment period is considerably shorter than the existing repayment period of 1,667 years.

What exactly is this supposed to say.
I pasted it without giving it much thought.
That first sentence does not seem correct at all.

Mish


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