Topic: .2BTC Loan (Read 1063 times)
yeah the APR isn't reasonable
Even a payday loan should not have 143,464,837,548% APR.
Interest?
It is pretty high - but so is the risk.Example 0.2 borrowed 0.3 paid back 7 days later so 0.1 interest on a 0.2 loan in 7 days.
Your homework is to figure out the equivalent APR of this loan.
Hint: 50% interest compounded 52 times.
Interest?
It is pretty high - but so is the risk.Example 0.2 borrowed 0.3 paid back 7 days later so 0.1 interest on a 0.2 loan in 7 days.
Your homework is to figure out the equivalent APR of this loan.
Interest?
Im giving loans of .2btc Must be paid within 1 week .3btc 2 weeks .35btc 3 weeks .5btc
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