alexottabtc on Nostr: So many people are not understanding the effect of the increase in interest rates ...

So many people are not understanding the effect of the increase in interest rates from 1% to 5%, because they think in linear terms.

Reality:
25 years loan for $250k

1% —> 283k to pay
5% —> 438k to pay

The delta is +55%, not + 4%

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