Photo: what I *don't* look like
I rejected Neasden but Neasden didn't reject me
Overate awokados in Islington
Former nuclear physicist
Black belt in Judaism
Devout atheist
Born-aghast Jew
Failed bacon-dodger
Thickos intolerant
Brexophobic
www.thehindu.com/news/interna...
www.thehindu.com/news/interna...
(Plus more less-disgusting stories to start your Thursday)
(Plus more less-disgusting stories to start your Thursday)
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
Journalist and human rights lawyer Thomas Becker writes in @thenation.com.
eg. Annual repayment/$100 of principal
over 30 yrs
at 10%
= 0.05/(1 - ((1.1)^-30)) = $10.61
In first year, interest is obviously exactly $10.00. So 94% is interest and hence 6% ($0.61) is repaid principal.
eg. Annual repayment/$100 of principal
over 30 yrs
at 10%
= 0.05/(1 - ((1.1)^-30)) = $10.61
In first year, interest is obviously exactly $10.00. So 94% is interest and hence 6% ($0.61) is repaid principal.
Annual repayment/$100 of principal
over 50 yrs
at 5%
= 0.05/(1 - ((1.05)^-50)) = $5.48
In first year, the interest is obviously exactly $5.00. So 91% is interest and hence 9% ($0.48) is repaid principal.
Annual repayment/$100 of principal
over 50 yrs
at 5%
= 0.05/(1 - ((1.05)^-50)) = $5.48
In first year, the interest is obviously exactly $5.00. So 91% is interest and hence 9% ($0.48) is repaid principal.
Annual repayment/$100 of principal
over 30 yrs
at 5%
= 0.05/(1 - ((1.05)^-30)) = $6.51
In first year, the interest is obviously exactly $5.00. So 77% is interest and hence 23% ($1.51) is repaid principal.
Annual repayment/$100 of principal
over 30 yrs
at 5%
= 0.05/(1 - ((1.05)^-30)) = $6.51
In first year, the interest is obviously exactly $5.00. So 77% is interest and hence 23% ($1.51) is repaid principal.
That is no surprise at all to me.