JMR32 (Golden Rainbow)
| Monday, August 4, 2008 - 02:36 am |
The only reason I could think of to pay off the loans early under the current interest rate structure would be if a corp was in danger of closure due to excessive debt. Early payoff costs 30 mil for crying out loud; that's a lot of monthly interest payments.
Heck, the couple mil you pay per month in interest can be considered as buying pizza for your workers once a week! I used to pay off mine early, when rates were 50%, but at 30, why bother? Besides, T "needs" the money! (snicker)