Chapter 3498

Porter’s words instantly caused a commotion amongst more than seven hundred or so members of the Wade family’s collateral families! Although these members of the Wade family’s collateral families were not top entrepreneurs, they were still much more astute compared to those brainless young people who would swipe and use credit card installments indiscriminately. Those brainless young people thought that paying in installments would be a very cost-effective thing, but what they did not know was that the bank had already seen right through their mindset to the core. The interest rate for each installment was 0.006%, and if ten thousand dollars was divided into twelve installments, they would only need to pay an extra sixty dollars a month. However, the amount for twelve installments would be seven hundred and twenty dollars a year! Compared to the principal amount of ten thousand dollars, the annual interest rate for one year would be 7.2%! This was also just a rough calculation.