This article shows how to calculate the interest rate on installment payments, and how to save on the heavy interest charges. It is advisable for those who buy expensive items on installment payments, especially young people, to realize the heavy cost of this payment plan. The interest rate has increased from 36% previously to 48% per annum now. It is quite expensive!
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http://tankinlian.com/admin/file.aspx?id=592&PK=0e53cd3c5970102f8aebde1ae83d78a1
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