Friday, September 21, 2018
MZ Digital Marketing Agency
This is the scenario.
Lets say a friend wants to borrow 20K.
He is already paying 10.3% on a car loan, he says he is prepared to pay the same %
Now if I wanted to structure the loan so that he pays some $$ at the end of every month and I then add interest on the balance.
Same next month, he pays some off and I add interest on the balance.
And so on until it's paid.
The question I ask is what is a fair monthly interest rate to charge seeing as it's compounding.
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Friday, September 21, 2018
Friday, September 21, 2018
MZ Digital Marketing Agency
STOCK MARKET NEWS
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