3 ms·

Yes, but they never repaid it. They have just been paying out the interest.

• trgn 2y ago
  ah thanks, I think I get it now. "heritable annuity" is the perpetual interest. "until repayment" threw me off. 75/1200 = 6.25% though. Where does the 2.5% interest rate quoted in the article come from?
  • d0liver 2y ago
    Not sure. From other comments, it sounds like that's an adjustment that they made later.