Quote:
Originally Posted by EvoFire
It's an advertising tactic to make the payment seem lower than it is.
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not only that, but bi-weekly also tricks you into thinking that your annual payments will be lower.
I'm sure they will tell you that in one year, you will be paying bi-weekly $ x 2 x 12 (months) in one year, but it's actually going to be bi-weekly x 26 (# of payments in one year), which is always going to be 8.3% more mathematically in total than the fake annual calculation they will tell you about.