Argentina’s central bank hikes interest rate to 133% - The Great Awakening

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Argentina’s central bank hikes interest rate to 133% (www.reuters.com)

posted 1 year ago by ThinkItThrough 1 year ago by ThinkItThrough +90 / -0

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– BerlinWallCrosser 3 points 1 year ago +3 / -0

Interest on loans is compounded. You calculated simple interest which is not done in business. The attached link is the method used for calculating monthly payments, total interest, and total payments on any loan, whether it’s a car loan, mortgage, and any business loans.

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– weholdthesetruths 2 points 1 year ago +2 / -0

You forgot the link.

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– BerlinWallCrosser 3 points 1 year ago +3 / -0

It’s right below my comment.

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