re: help with math on interest

quote:

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Origination fees rolled into the loan?

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Forgive me, as I'm not sure what that means exactly.


But she would have me paying--I haven't agreed to this yet--$330/month for 30 months on an $8,800 loan. That is $1,100 in interest, which my math, as unsophisticated as it may be, suggests 12.5% interest, rather than the 3.5 I was told.