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To: Natural Law
"It also means 13 mortgage payment per year!"

That's an easy adjustment. More payments, but lower payments.

A similar instance is choosing to make your payments, for mortgage or car, on a two-week cycle. Makes a lot of sense if you get paid every other week! That gives you twenty-six mortgage payments a year!! But they are less than half the size.

Pity the people in Pope Gregory's time. They had paid their rent, and then they lost eleven days! They wanted them back, too!!

84 posted on 08/29/2004 8:54:47 PM PDT by NicknamedBob (I can see why he thought it'd be cool, but Kerry should have applied for the "Not-So-Swift" boats...)
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To: NicknamedBob
It means 8% more administrative costs per year. With today's low interest rates the increased administrative costs will put a greater burden on the economy.

Are they also proposing changing the 7 day week since it too is of Biblical origins?

85 posted on 08/29/2004 8:59:00 PM PDT by Natural Law
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