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anon 11/23/2021 (Tue) 06:27:34 2373
I have a question about loans and interests: >Suppose I take a loan of 20 lakhs @ 5% per annum interest >A year later I must owe 21 lakhs >I pay 2 lakhs to service my loan >19 lakhs remaining Now at the end of the second year, is the interest calculated based on the interest calculated during first year ie 21 lakhs, or on the balance left out at the end of the first year ie 19 lakhs? >I haven't taken any sort of kike loan, this is just an example
anon 11/23/2021 (Tue) 07:25:18 2374 Reply
>>2373 Idk but educated guess says it should be 19
anon 11/23/2021 (Tue) 15:23:43 2375 Reply
>>2373 loanmaxx and invest in btc or Defi maxx or a mix of both. you'll be making money many times over the loan amount in no time.
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