That is it after nine months its sky hi
If I borrow $4000, and pay an up-front fee of $40 (4%) with no interest for 9 months - what is the "interest" rate that I am paying to use this money for 9 months? .
$40 / 9 x 12 = $53.33 annualized.
5.33% (unless I'm too tired to be trying to do this.)
