Re:Stripe Capital
by hammock on Thursday September 05, 2019 @02:57PM
(#20889730)
You didn't include the fee in the payback, and you are confusing monthly with annual interest rates
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Is the fee not charged upfront - that's why I excluded it from the payback period.
Ahh you caught the mistake with the interest periods! Thanks!
>Is the fee not charged upfront
How does that make any sense?
It's pretty common to have a fee for a loan that's paid upfront like an arrangement fee.
But you're probably right in this case - Stripe likely include their fee in the monthly payments - updated the sheet.
Appreciate the feedback!