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Well, the interest rate has to be substantially higher than the risk-free rate, otherwise you're incentivizing late payments. 6% is a little on the high side,
by Simon_says 9y ago
Well, the interest rate has to be substantially higher than the risk-free rate, otherwise you're incentivizing late payments. 6% is a little on the high side, but not unreasonable IMO.
- ckinnan 9y agoActually that is a low rate for the 1990s
- Simon_says 9y agoGood point.