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https://en.wikipedia.org/wiki/Interest#Simple_interest https://en.wikipedia.org/wiki/Interest#Simple_interest
by btdmaster 5y ago
https://en.wikipedia.org/wiki/Interest#Simple_interest https://en.wikipedia.org/wiki/Interest#Simple_interest
- rootusrootus 5y agoStill has a time component, though. A flat 50% that is due whether you pay it off in 1 month or 60 months is a fee, not interest.