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Title: .2BTC Loan Post by: ironcross360 on March 01, 2013, 02:33:26 PM Im giving loans of .2btc Must be paid within 1 week .3btc 2 weeks .35btc 3 weeks .5btc
Title: Re: .2BTC Loan Post by: Hydrogen on March 07, 2013, 12:02:41 PM Interest?
Title: Re: .2BTC Loan Post by: BurtW on March 07, 2013, 04:27:57 PM 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. Title: Re: .2BTC Loan Post by: Vod on March 07, 2013, 04:59:42 PM 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. Title: Re: .2BTC Loan Post by: bootmii on March 10, 2013, 03:02:43 AM Even a payday loan should not have 143,464,837,548% APR.
Title: Re: .2BTC Loan Post by: bapakece on May 17, 2013, 03:58:33 PM yeah the APR isn't reasonable
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