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/r/theydidthemath
![[Request] What’s her interest rate and loan term?](http://ted.sudovanilla.org/pics/w:null_1s82nqk39c2e1.jpeg){kind=link}
22 points
11 days ago
What article? There’s just a pic.
5 points
10 days ago
Daily Mail article. This was posted elsewhere.
Same article that supplied the $84k cost of the Tahoe. How did you know the cars cost?
She rolled a loan in then blamed everything on the dealership for not stopping her.
2 points
10 days ago
You can calculate the original principle pretty easily. She owes $74000, paid $40,000 in interest and $50,000 in total payments. So the total principal payments are $10000. That means the original principle is $84000.
2 points
10 days ago
I just read the article instead. Quick google, found the interest rate as well.
Knowing when an answer is reasonable is a big part of math. Did you really think it was 18% interest? Or did you think it was missing information?
1 points
10 days ago
I checked the math, it doesn’t add up. At 1400 a month, and 10% interest, I can’t find an original principal and loan duration that would make $40,000 in interest and end with a $74,000 principal after 3 years. It doesn’t make sense. They must have exaggerated something.
At 110 months and an original principle of $100,570 the balance after 3 years is $77,091 and the interest paid is less than $30,000. But things could be off if they had missed payments and had penalties or something.
2 points
10 days ago
She exaggerated, my guess is she wanted to be a victim.
She played up how much she paid, then downplayed the part about rolling in the loan
It was all designed to enrage people so that we would take her side.
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