(Total Views: 381)
Posted On: 01/11/2020 6:09:26 AM
Post# of 145247
Your calculation is wrong. APR denotes a fixed rate.
A fixed rate of 200% in 3 months means - 200% x 4 (the number of 3 month terms in a year) = 800%.
A fixed rate of 200% in 3 months means - 200% x 4 (the number of 3 month terms in a year) = 800%.
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