oops, guess that poll question range was too wide, not specific enough

[netmouse]

For those who answered (some form of) Yes, a certain loan interest rate seems excessively high, the majority responded that "too high " starts between 5 and 25 %, and I'd like to see a breakdown on that. Please answer this question too!

[Poll #1343223]

Comments

[sethb.livejournal.com]

It should really be 1/19 of the total at the end (so calculate the interest without loss, inflation + cost of funds + costs&profit, then multiply by 20/19). But the answer give is close.

5% default per year is really high; banks usually won't lend to that sort of risk (or will charge a lot more than their usual rate).