That's interesting. That 22% interest... Isn't that a little high? I would personally have no idea, but just seems huge.
danieldaniel = noob
I agree with danieldaniel and think that the mining operation will only pay interest.
I agree with vite on the fact that he agreed with me.
Kthx.
EDIT:
Why are you willing to pay such high interest? That seems really ridiculous, but then again I've never looked into private loans like this.
Because I didn't plan to keep the loan for the entire term (3 years). I planned to have it paid off within a year, and as it is, I'll have it paid off in a few days, which means I've only had to pay 3 months worth of interest on it. And because, no bank wanted to give me a personal loan in that amount.If it wasn't used to purchase assets that generate income, I would never think about taking out that much of a loan at that interest rate.
