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Google Backed OnDeck Capital Offers Cash Advances that Grow Exponentially
- heydenberk 12y agoHigh interest rates like these are hyperbolic, not exponential. They may be predatory and they may run afoul of regulations, but that doesn't mean they grow exponentially.
- yunfangjuan 12y agoThey are in the sense that when you carry a loan balance and refinance it, the balance will be multiplied twice from the original advance. If you refinance it again, it will be multiplied three times. I call this exponential.