[MLUG - DISCUSSION] Financal Question

["Jerry Gamblin" <EMAIL:PROTECTED>]

I owe 12 more $85 dollar payments on a loan to my local bank. 
If I go and pay it off today (tomorrow) it will only cost me $953.
I have about $1500 in a normal savings account and more money in CD's
that I could get out if an emergency occurred. 

It will cost me $6 in interest a month to pay off the loan at $85
payments instead of just going in and paying it off. Is it smarter to
just pay off the loan or to keep the money in savings and just make the
payments? 

I looked on the internet and couldn't find a good answer.  

Jerry Gamblin 
Network Security Specialist 
Linn State Technical College 
One Technology Drive 
Linn, MO 65051 
EMAIL:PROTECTED 
www.linnstate.edu 
573-897-5240 

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