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Hello again,
Can some one help me work out how much my other half is paying in interest (APR)?
The loan is with her bank but I am working the APR out to be 45%
take the last 11 months transactions:
Paid in £850.19
Interst £386.54
By my working this is 45.46% interest each year.
My other half is crap with finances, but even to me this is extortionate. Am I missing the point somewhere?
Can some one help me work out how much my other half is paying in interest (APR)?
The loan is with her bank but I am working the APR out to be 45%
take the last 11 months transactions:
Paid in £850.19
Interst £386.54
By my working this is 45.46% interest each year.
My other half is crap with finances, but even to me this is extortionate. Am I missing the point somewhere?