Hello! Make a decision---

[SittingBull]

Let's assume U borrow 11500.00 and is charged a fee of 50.00. U also pay 1.99% APR on the loan which u plan on keeping for 9 months.
U know that u can receive 3.60% APR on the money(11500.00).
If U keep it to earn the 3.60%,will u lose money or gain money for the 9 month period?
Just wondering
SittingBull

[gaming_mouse]

Cost of loan: 50 + (9/12)*11500*.0199 = 221.6375

Profit on borrowed money: (9/12)*11500*.036= 310.5

So you make about $89

[SittingBull]

Didn't realize I would make that much..
SittingBull