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4,071 Posts.
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13/05/21
16:54
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WTF???
1/7 ( do you meqn 1% (increase in interest rates) of 7% (apt merchants fee) ????
if ive misunderstood that please disregard
BUT
if thats what you mean you are calculating an annual % over the course with only 1× turnover of funds.
currently apt turns over if loans 15× a year
so it should be 1/(7×15)
which is 1/105 = 0.9 % (not 14.3%)
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