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A home loan is also paid back over 15 to 30 years. The bailout loans were paid back in under 5 years. Are you familiar with the "time value of money"?
by praxulus 10y ago
A home loan is also paid back over 15 to 30 years. The bailout loans were paid back in under 5 years. Are you familiar with the "time value of money"?
- sosuke 10y agoYou're right, at 5 years only a billion dollars of interest would have accrued with 4% interest.