Archmaille

I think where most people get in trouble with their finances is with mis-interpreting loan calculations, especially interest. When you get a $5,000 loan with 10% interest you’d think you have $5,500 to pay back by the end… problem is most loans are not straight forward like that, you pay an APR (Annual Percentage Rate) which when broken down by month becomes very complicated to figure, it compounds, and changes every month in a manor that by the end of your $5,000 loan depending on the number of years it would take to pay it off you may end up paying back $12,500 or more! Luckily with the

written by Archmaille