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Yeah. For a $10,000 loan, assuming a $100k salary when you're done, you're looking at a $1,250 monthly payment/a whopping 139% interest rate[0] [0] https://www
by ianmobbs 8y ago
Yeah. For a $10,000 loan, assuming a $100k salary when you're done, you're looking at a $1,250 monthly payment/a whopping 139% interest rate[0]
[0] https://www.calculator.net/interest-rate-calculator.html?cloanamount=10000&cloanterm=2&cmonthlypay=1250&x=0&y=0 https://www.calculator.net/interest-rate-calculator.html?clo...).
- asd33313131 8y agoThe one difference here is the risk component of equity financing versus debt financing -- with debt, you have to pay no matter what, with equity, you pay only if there is money left over. I think in the future, as the cost of capital comes down, the percentages of income will come down a lot.