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Joined: 14 Mar 2007
Location: UK -- land of otters and non-otters
Wed Aug 08, 2007 11:29 am
I'm dealing with one of those "I can give you a loan" lads, and managed to negotiate a reduction in the 2% interest rate he was originally charging, bringing it down to an impressive 1.85%. (On a loan of £50,000, that 0.15% means a big saving.)
Anyway, he replies with the new terms:
The interest rate is 2%.
interest rate: 1.85%
duration given: 5 years
total interest: £1000
monthly installment: £92.5 counting after 2 months of transfer
loan type: unsecured
unsecured loan insurance cost: £1000 pounds
Now, I'm no accountant, but even I can spot something doesn't add up there. But I shouldn't complain as it seems to be in my favour, over all.
_________________ PARVA QVOQVE PARS ESSENTIAE LVTRAE SVPERARI NON POTEST
"I have to sale something now to be able to drink water." -- Alice Idris on safari in Cotonou
"why did you waste my time like this why." -- US Army Captain William D Swenson
fawnykate Master Baiter
Joined: 17 Jun 2007
Wed Aug 08, 2007 11:49 am
I like it , this lad could slash my mortage payments Does he do mortages?
Tommo Shanter Swiss Toni
Joined: 13 Jan 2006
Location: Whom the gods would destroy, they first make mad. - Euripides
Wed Aug 08, 2007 12:17 pm
Lads and arithmetic are an anathema. Check out the certificate I posted today on the passport/RSOT thread and you will see what I mean.
_________________ Â£1,052,334.30 (=US$2,121,125.60) lads fake cheques out of circulation (at 11/6/2008)
x135 (at 26/9/2008) x138
"i see your not interested in the transaction but catching your fun, calling names and my muckery of me." - Usman Bello
"You need to visit a good psychiatrist very fast, because some nuts are missing from your brain." - PROF.SOLUDO
"...it is very important you forward the your cycling proficiency certificate which by right belongs to you." - Prof Charles Soludo.
"note i can still change my mind to blow you off and whenever" - T0ny 'The Killerman' Erik
YOUR GENERATION WILL ROAST IN ABSTRACT POVERTY,BASTARD IDIOT -Daniel Mensah
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