I have changed my mind again in regards to how I am going to pay off this loan to my parents. What can I say, I'm a woman, it's my prerogative to change my mind! :) Since they still haven't done anything with the check I gave them almost 2 months ago, I can tell they aren't desperate for the money. So, I have decided that next April when the next payment is due, I will pay them $10,000, then the following April, I will pay them another $10,000 and be done with it. Along with the $2100 I have already paid them, I will have paid them back a total of $22,100 which is still higher than what I would owe them at 5% over 3 years on the original $20,000 ($21579). So, not only will I be glad to have it paid off, they will get a deal too. And I don't have to remember to write them a check every 3 months.
Now, if I could just get them to deposit the check I gave them already! Sheesh! Does anyone else get irritated when it takes people so long to go to the bank with checks you have written them???