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I get that math if it explicitly said that this is a 1 year loan - but it doesn't. How do you know this wasn't a 4 year loan? and you pay $103 per month for 4 y
by xexers 12y ago
I get that math if it explicitly said that this is a 1 year loan - but it doesn't. How do you know this wasn't a 4 year loan? and you pay $103 per month for 4 years?
or how do you know that this wasn't an "interest only loan" and you pay $103 in interest every month... and if you want to pay down any principle, then that would be anything that you pay above $103/month.
- woofyman 12y agoIt says 12 equal monthly payments. 4 years would be 48 monthly payments. The terms of the loan are clearly stared.
- hifier 12y agoI see how it can be read that way, but it is far from clear. Not to mention that the design of the 'ad' makes it susceptible to misinterpretation.
- bbwharris 12y agoThat's the point right? The problem is very clear when you read it carefully. Which is also one of the skills its trying to tease out. It is rated as a 5 out of 5 being the most difficult.
- deleted 12y ago[deleted]