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Re: I_Am_Ram post# 180137

Tuesday, 09/12/2017 4:22:21 PM

Tuesday, September 12, 2017 4:22:21 PM

Post# of 235076
Take an example, if I lend you $100 at 16% monthly interest, are you going to pay me $116 at the end of first month, $116 at the end of second month, and $116 at the end of 3rd month, ... $116 at the end of 12th month? Are you going to pay me 100*1.16*12 for a year?

Or you are going to pay me back
$100+ $16*12 for a year?

If you can find a company who takes loan in the first way, tell me how much they want, I will loan money to them.