23 ms·
>there's no hiding the fact that 25% APR with a 72 month term means paying ~100% of the principal again in interest. I honestly don't see how it could be made m
by ashwagary 4y ago
>there's no hiding the fact that 25% APR with a 72 month term means paying ~100% of the principal again in interest. I honestly don't see how it could be made more clear that this is a terrible financial decision.
According to Michael Saylor, the value of the dollar halves every ~5 years.
It's still not a great financial decision but if that capital is being utilized well, it may not be so terrible for people with no access to lower apr loans.