Formula to calculate rate of interest on personal loan

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Formula to calculate rate of interest on personal loan

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Formula to calculate rate of interest on personal loan

But in two weeks you cannot repay the loan. You pay another 75 to roll over the loan. But in two more weeks, you still cannot repay the loan. Every two weeks, you pay another 75 fee. You might pay the lender more in fees than you first borrowed. But you would still owe the original 500. Read more. Simple Online Form Fast Access to Funds.

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Formula to calculate rate of interest on personal loan