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Post by valueinvestor123 on Feb 12, 2015 13:23:48 GMT
In the 'repaid loans' section, I see that about 4mil of loans have been repaid but repaid interest is only 212k which only works out 5.3% of 4mil.
I am probably missing something very obvious, but shouldn't it be 12%? Or is it because some loans are only for a short term?
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Post by duncandive on Feb 12, 2015 13:42:11 GMT
In the 'repaid loans' section, I see that about 4mil of loans have been repaid but repaid interest is only 212k which only works out 5.3% of 4mil. I am probably missing something very obvious, but shouldn't it be 12%? Or is it because some loans are only for a short term? The 12% would be if all the loans had been for a Full Year. Some loans have been for 3, 6 and 9 months perhaps. Interest works out at 1% per month.
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