"15% average interest over the course of the loan"
pacewah, it's a 15% AVERAGE over 5 years so you are right some years they may pay lower or higher, but the key term is AVERAGE.
Once again I'm just going off the wording in the ann. but to get a 15 average over 5 years the total number would have to be 75... so i guess you can fit in that 75 over the 5 years anyway you like, for eg. 8 % p.a , 12p.a, 25p.a , 19%p.a , 11%p.a
your initial 3% p.a would only be viable if they worded it like "accumulated interest over the course of the loan is 15%" or something along those lines.. but they used the term
"15% AVERAGE" .
- Forums
- ASX - By Stock
- 10m funding cash should be in anytime?
"15% average interest over the course of the loan"pacewah, it's...
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online