alexottabtc on Nostr: So many people are not understanding the effect of the increase in interest rates ...
So many people are not understanding the effect of the increase in interest rates from 1% to 5%, because they think in linear terms.
Reality:
25 years loan for $250k
1% —> 283k to pay
5% —> 438k to pay
The delta is +55%, not + 4%
#Bitcoin
#plebchain
Published at
2023-04-17 18:39:53Event JSON
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"content": "So many people are not understanding the effect of the increase in interest rates from 1% to 5%, because they think in linear terms.\n\nReality: \n25 years loan for $250k\n\n1% —\u003e 283k to pay\n5% —\u003e 438k to pay \n\nThe delta is +55%, not + 4%\n\n#Bitcoin \n#plebchain https://nostr.build/i/nostr.build_a235b2a5806e02410347372c4d63153fd0613a691eb96034c39dcfe5e6e7b151.jpeg",
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