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Interest rates are backward - should use APR
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Topic: Interest rates are backward - should use APR (Read 329 times)
patson
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Posts: 915
Re: Interest rates are backward - should use APR
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on:
June 09, 2020, 11:00:29 pm »
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thanks for the explanations
Do the total interest charge makes sense in this game right now?
For the interest rate i was simply doing (total interest / borrowed amount)
Is APR people use for mortgage too? i know people use that for car loans
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General Category
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Under Development / Wish List / Suggestions
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Interest rates are backward - should use APR
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Message #2888