Hi,
I just had a question and couldn't find much about it online.
If you had say a loan of £100 to pay with 10% interest, does this loan ever have a cap (so does interest stop once it reaches say £200) or does leaving it for 50 years will result in it being ridiculously large?
Thanks for your help.
I just had a question and couldn't find much about it online.
If you had say a loan of £100 to pay with 10% interest, does this loan ever have a cap (so does interest stop once it reaches say £200) or does leaving it for 50 years will result in it being ridiculously large?
Thanks for your help.
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