Yes, 10% compounded monthly works out to approx $29,000 in the first year, $32,000 in the second year, $35,000 in the third year which is when the note matures (2021) if no principal or interest is paid. So approx. $96,000 in interest over 3 years.
Agreed, Bruce does very well, but that does not make this a scam. I believe he is truly interested in bringing this forward, but, obviously that does not mean it will happen.
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