3 ms·
High 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 exp
by heydenberk 12y ago
High 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.