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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% i
by 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 agoNot sure. From other comments, it sounds like that's an adjustment that they made later.