Jane Davidson's Blog (1)

Percentages

Percentages can make things look much bigger than they really are. Take loans for instance, 8% looks good until you realise that you'll pay that 8% every year, then the important factor really becomes how long you keep the loan.



I saw a TV documentary about the negative aspects of short term loans and one of the things pointed out was their ‘Gigantic’ interest rate; a whopping 1355%, I thought to… Continue

Added by Jane Davidson on October 27, 2009 at 1:30pm — No Comments

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