Saturday, March 29, 2008

Celia's loan - @ just 2% pa interest rate

According to today’s Irish Times, the loan of £30k (€38.1k) to Celia Larkin in 1993 was repaid as €49k in January 2008.

That equates to an annual compound interest rate of just 2%.

Clearly, the Bank of St Lukes was the place to get your mortgage.

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