balance transfer

From: "sreeni tellakula" <sreeni@isi.com>
Subject: balance transfer
Date: Wed, 7 Oct 1998 16:26:31 -0700

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Hi

I keep getting offers from credit cards at 3.9%
to 4.9%APR.

I have an auto loan at 7.75%. 

If I transfter this loan to the credit card, will I save?
Can some one tell me how credit cards compute interest?

For ex: the auto loan - the interest is calculated as follows:

balance: 10000, 1 month time, APR 7.75%

Interest at end of month = 10000 X 7.75 / (100 X 12) = 
                          $64.58.


Thank You
- ---
Sreeni Tellakula
sreeni@isi.com


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