$4,000 For 3 Years At 9 Percent Equals How Much Interest?
Answer:
Read the fine print, they will say per annum, but what happens it they will often nick what you owe, and calculate monthly, on a per annum basis and add to bill, till the point you are making minimum payments, and still not covering the interest. Have someone who have knowledge before you sign anything or purchase anything. Many times, we go ahead on dotted splash, because even at 10% seems good as it appears to only be 400 but within the end, if cumulative, can work out to being a lot more.
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