Thank You, and yes we fixed the stupid part.

2 follow up questions.... 1A so the 3% per year but compounded daily has me a bit confused...does it work just like any 3%APR loan would (as far as calculating total repayment?) OR 1B is it 3%÷12 which equals 0.25%, so on day 1 I owe X and on day 2 I owe X+0.25%??

2) the FTP fee, that is charged for the entire repayment plan right, (ex you owe 10 bucks and pay 1 dollar a month, so after month 1 you owe 9 bucks +0.25%, (9.0025)+the interest in question 2

So, unless I am way off base (which is very possible) each day adds .025% of yesterdays total to the amount owed, and each month adds 0.25% to the monthly total?

So (if 1b is the correct assumption) 11k on day 1 of month 1 becomes 11826 on day 30 of month 2 based on X+0.25% (where X=unpaid amount) Then 11826 + 0.25% (FTP) becomes 11855 THEN Take 11855 and subtract your monthly payment to get your new amount owed for day 1 of month 2?? Assuming a payment of 160 that leaves about 11695 owed on month 2.

There must be something Im missing otherwise a payment of 160 would never decrease the amount owed.....assuming the above is correct I would owe about 12380 after month 2s payment.....