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Extra Payments & Early Payoff
Inside this lesson
- Explain why extra payments reduce principal directly.
- Estimate the term and interest impact of a fixed extra payment.
- Describe the diminishing-returns shape of the payoff curve.
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Educational content only. This course explains finance concepts and the math behind them; it is not financial, investment, tax, accounting, or trading advice, makes no recommendations, and predicts no returns, prices, or outcomes. All figures are illustrative teaching examples. Consult a qualified professional before making financial decisions.