LiveMusic Posted April 29, 2004 Share Posted April 29, 2004 For simplicity, just an example. Principal = $1000 Term = 60 days Interest = $100 So, you borrow $1000 and pay back $1,100 in 60 days. What is the "interest rate?" Roughly 60% or what? > > > [ Live! ] < < < Link to comment Share on other sites More sharing options...
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