Quote:
Originally Posted by DwnWthVwls
Idk wtf youre talking about so... Is that a reasonable way to analyze it compared to reality of the cost im left with?
|
Yes. APR is the full price of the loan (as opposed to the interest rate) and compound interest is interest charged on interest that you already owe if that helps clear things up.
Quote:
Originally Posted by OccultHawk
It is unless you’re just planning on paying back the principal.
|
God damn whoever made that graphic has it easy.