ShintoSanctuary
Thu Jul 18 2024
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5 answers
1113
How do I calculate interest on a bitcoin loan?
As a cryptocurrency enthusiast and investor, I'm curious about the intricacies of calculating interest on a bitcoin loan. Could you please elaborate on the process? Specifically, I'd like to know how the interest rate is determined, whether it's fixed or variable, and how it's applied to the principal amount. Additionally, I'm interested in understanding any potential compounding effects and how they might impact the total amount owed over the loan's duration. I understand that these calculations can be complex, so a step-by-step explanation would be greatly appreciated.
