<h2 ss="wp-block-heading">The Amazing son inw Chapter 3767</h2>
Abbas’s words stirred a significant reaction among the over 700 members of the Wade Family’s coteral line!
While these coteral members may not be the leading entrepreneurs, they possess far more acumen than the youth who thoughtlessly engage in credit card installments.
Many of these uninformed young people believe that paying in installments is a smart financial move, unaware that banks have already manipted their mindset.
With an interest rate of six thousandths for each installment repayment, it may appear that splitting a payment of ten thousand yuan into twelve installments requires just an additional sixty yuan per month. However, over a year, that adds up to a staggering 720 yuan!
This results in an annual interest rate of 7.2% on the initial ten thousand yuan!<h3 style="background-color:DodgerBlue">
This is merely a rough estimate. In reality, the ten thousand yuan isn’t repaid in one lump sum at the year’s end, but rather in monthly installments. Each month, the principal decreases, yet the interest rate is fixed. When calcted urately, the actual interest rate can exceed 13%!
This interest rate represents a significant profit margin in the financial sector.
Each member of the Wade Family maintains excellent rtionships with banks and capital sources. If they genuinely needed a loan, they could easily secure one with an actual annualized interest rate below 5%. Therefore, upon hearing Abbas’s installment proposal, many couldn’t help but call him out for being unscrupulous.
One member eximed, “Master of the Pantheon… After I exhaust my cash, I’ll still have 2 billion. Please grant me just one day! With that time, I can leverage a mortgage to transfer this 2 billion to your ount!”
Others quickly chimed in, “Yes, Master! Just give us one day, and we can secure a mortgage loan! We ask for a bit more time!”
Abbas replied coldly, “No grace will be given. Each of you must settle all arrears within an hour; otherwise, you will need to sign an installment agreement!”
This deration made the members of the Wade Family frown in concern.
At that moment, Tianxiao spoke up, “Master, I am ready to pay in installments!”
The crowd was taken aback by Tianxiao’s willingness to concede first, preparing to voice their disapproval until he added, “I propose splitting all arrears into two installments. I will pay off the total within two months.”
Upon hearing this, the others began to thump their thighs in realization.
Initially shocked by the six-thousandth installment fee, they had overlooked the option to minimize the number of installments.
By opting for just two installments, they would only incur two six-thousandths, totaling 1.2% in interest.
This arrangement seemed much more manageable.<fn6052> ??? ????? ???????s ??? ?????s??? ?? find[?]ovel</fn6052>
Consequently, a wave of members began expressing their agreement.
Abbas frowned, sensing their strategy. They aimed to secure the lowest number of installments possible and then hastily gather funds to cover the installment gaps.
This way, they could escape the high-interest trap of installment payments.
However, Abbas was uncertain how to formalize this process, as Charlie had not provided him with specific guidelines regarding installment numbers.
Just as he pondered how to move forward, a familiar voice rang out, “Master, I rmend you set a fixed installment ratio. Anyone unable to pay in cash and opting for installments must choose at least six, with no upper limit!”
Everyone turned to see Charlie striding in, apanied by Stephen Thompson.
The coteral members of the Wade Family recognized Charlie, and one shouted, “Charlie! What are you implying? Are you teaming up with others to deceive your family?”
“I can’t believe it! As Bruce’s son, you’ve be someone else’s pawn!”
“Charlie! How can you betray your family like this? What on earth are you doing?”<h2 ss="wp-block-heading">The Amazing son inw Chapter 3767</h2><h3 ss="has-text-align-center wp-block-heading"><strong></strong>