It wouldn't be that high. Since the charges a
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Posted On: 10/07/2021 6:14:32 PM
Re: craigakess #107081
It wouldn't be that high.
Since the charges are calculated daily based on that day's rate and the rate was near 15% when I think many of the contracts were taken out in June ...then the rate went down to 10% around the end of Sept to rapidly skyrocket to where it is now....I'd have to setup a spreadsheet with daily rates, etc to get an accurate number....but a W.A.G. would put it in the $25-$35K range borrowing costs so far.
Since the charges are calculated daily based on that day's rate and the rate was near 15% when I think many of the contracts were taken out in June ...then the rate went down to 10% around the end of Sept to rapidly skyrocket to where it is now....I'd have to setup a spreadsheet with daily rates, etc to get an accurate number....but a W.A.G. would put it in the $25-$35K range borrowing costs so far.
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