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Lending
Re: 1 BTC loan - 5% monthly interest
by
Vod
on
13/09/2016, 08:56:17 UTC
Quote from: SignificantOtter3 on September 13, 2016, 08:42:36 AM
Have you tried bitcoin lending platforms? You can get rates way below 5% per month (which is 60% per year)
5% per month is 180% per year.
You are forgetting the compound effect (paying interest on interest).