"They were looking at a 12 percent interest rate," he said.
Think about how hard it would be to buy a house or pay for college if a 42 percent interest rate still seemed normal.
The bonds ranged from $250 to $1000, with and 8 percent interest rate.
The answer, at a 19.8 percent interest rate, is 22 years.
But by this summer many found it impossible to keep up with the 18 percent interest rate.
The fund's small loans are at a 12 percent interest rate for a maximum of three years.
At a 10.5 percent interest rate, the bank decided, they could not qualify for the loan.
The Government says the 30 percent interest rate is based on the inflation projection for 1999.
The note carried a 14.99 percent interest rate on the new principal balance of $46,541.08.
At the current 8 percent interest rate, it would take nearly 14 years for the client to pay his past due taxes.
"They were looking at a 12 percent interest rate," he said.
Think about how hard it would be to buy a house or pay for college if a 42 percent interest rate still seemed normal.
The bonds ranged from $250 to $1000, with and 8 percent interest rate.
The answer, at a 19.8 percent interest rate, is 22 years.
But by this summer many found it impossible to keep up with the 18 percent interest rate.
The fund's small loans are at a 12 percent interest rate for a maximum of three years.
At a 10.5 percent interest rate, the bank decided, they could not qualify for the loan.
The Government says the 30 percent interest rate is based on the inflation projection for 1999.
The note carried a 14.99 percent interest rate on the new principal balance of $46,541.08.
At the current 8 percent interest rate, it would take nearly 14 years for the client to pay his past due taxes.
