Quote:
Originally Posted by directfiesta
I have money in certificates . At the moment, I get about 1.35 % of interest.
If I want to borrow money from the bank, I will pay for a mortgage ( secured ) 4 %. For a film ... try to guess.
So how long will he need to cover the interest he needs to pay .... ?
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Don't know exactly, but from what I understand the bank on which the money is likely borrowed from he pretty well owns, if that is the case he pays no intrest.