Posted on October 27, 2009 at 1:30pm
Percentages can make things look much bigger than they really are. Take loans for instance, 8% looks good until you realise that you'll pay that 8% every year, then the important factor really becomes how long you keep the loan.
I saw a TV documentary about the negative aspects of short term loans
and one of the things pointed out was their ‘Gigantic’ interest rate; a whopping 1355%, I thought to… Continue