by marsmet461
Question by : Am I doing the math right?
just saw an add for "Westernsky Financial" A Native American - owned business on a Reservation. They do small loans for people with bad Credit. For a 5,000 dollar loan the APR is 116.73% with 84 monthly payments of $ 488.68. Am I right in thinking that when all is said and done you will have paid over 40,000 in payments for a 5,000 dollar loan?
Best answer:
Answer by ialexnYes, that would be correct. Suffice to say that you should
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