[Hidden-tech] A math question...

[Robert Heller]

At Sat, 22 Aug 2020 19:40:21 +0000 (UTC) Marcia Yudkin <yudkinyudkin at yahoo.com> wrote:

> 
> I saw a course costing $997 if you paid all at once also having a payment
> plan of 4 payments of $397 each.  
> 
> Can someone help me translate those numbers into a monthly interest rate,
> like an APR?

It would not normally be stated as a monthly interest rate, but rather as a
pre-paid ("cash") discount. In this case, about %37 off if paid in full up
front.

397*4 = 1588
1588-997 = 591
591/1588 = .37216 == 37%

> 
> Thanks so much!  This seems pretty outrageous, and I'd like to be able to
> quantify just how outrageous.
> 
> Marcia Yudkin
> Goshen
> http://www.yudkin.com 
> 
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