Submitted by hmiamid t3_xy7qym in dataisbeautiful
pookiedookie232 t1_irgevm1 wrote
Reply to comment by ajour7 in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
Yep, once I looked at the formula I was like, "Doh!" Can never actually be zero. But it could be less than half a cent, which is essentially zero due to rounding in financial systems. I calculated that 240,480,000% interest will net a $1,000 payment for 360 months on a .499 cent loan.
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