Chapter 3498


    Porter’s words instantly caused amotion amongst more than seven hundred or so members of


    the Wade family''s coteral families!


    Although these members of the Wade family''s coteral families were not top entrepreneurs, they


    were still much more astutepared to those brainless young people who would swipe and use


    credit card installments indiscriminately.


    Those brainless young people thought that paying in installments would be a very cost-effective


    thing, but what they did not know was that the bank had already seen right through their mindset to


    the core.


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    The interest rate for each installment was 0.006%, and if ten thousand dors was divided into


    twelve installments, they would only need to pay an extra sixty dors a month. However, the


    amount for twelve installments would be seven hundred and twenty dors a year!


    Compared to the principal amount of ten thousand dors, the annual interest rate for one year


    would be 7.2%!


    This was also just a rough calction. After all, the ten thousand dors would not be repaid in a


    single payment, but it would be paid in twelve monthly installments. Even though the principal


    amount for each of these installments was decreasing, the


    interest rate was already fixed ording to the initial principal of ten thousand dors. If this was


    calcted and taken into ount, the actual interest rate would be even more than 13°/°!


    This interest rate could be described as profitable in the financial market.


    Each of the members of the Wade family’s coteral families had a very good rtionship with


    banks and capitalists. So, if they really wanted to get a loan, they could actually easily obtain arge


    loan with an actual annualized interest rate of 5%. So, when they heard about this installment n


    that Porter was offering to them, they could not help but curse at him for his bad intentions in their


    hearts.


    Therefore, someone then spoke up and said, "Lord Waldron... I still have a shortfall of two billion


    dors. I''ve already taken out all of my cash. I beg you to please give me one day’s grace. I will be


    able to get the two billion dors through a mortgage in just one day, and I will transfer the money


    over to you then!"


    The others also chimed in. "That’s right, Lord Waldron. Just give us one day, and we will be able to


    get the mortgage! Please give us a little more time!"


    Porter said coldly, “I can’t be lenient. All of you will have to make up for the money owed within one


    hour. Otherwise, you will have to sign the agreement to pay i n installments!”


    All these members of the Wade family''s coteral families instantly had a troubled expression on


    their


    faces.


    At this moment, Tony blurted out, "Lord Waldron, I am willing to pay in installments.”


    The crowd did not expect that Tony would actually be the first person to give in. Just as they were


    about to scorn him, they heard Tony saying, "I''m willing to divide all the money that I owe into two


    installments. I will definitely make up for the sum of this money within two months."


    When the others heard this, they came to a realization immediately.


    All of them were shocked because of the handling fee which was 0.006%. However, they had


    already forgotten that they could choose to lower the number o f installments.


    If they were to divide it into two installments, they would only need to pay 0.006% twice, which


    would only add up to 1.2%.


    This way, it would naturally be much morefortable for them.


    So, the group of people then began to actively express their position. Some of them wanted to


    divide the money into two installments, some wanted to divide it into three installments, and the


    most that they were willing to divide it was into six installments and nothing more than that.


    Porter could not help but frown. He could already guess the intentions of this group of people in his


    heart. They would definitely want to reduce the number of installments as much as they could


    before seizing the time to raise funds to pay for the installments.


    This way, they would also be able to get rid of the trap of the high interest rate for the installment


    payments.


    However, at this time, Porter also did not know how to specify the regtions. Charlie also did not


    tell him whether he would require a specific number of installments for the installment n or not.


    Just when Porter was at a loss as to how he should define it, he suddenly heard a familiar voice say


    out loud, "Lord Waldron, I suggest that you should give a fixed installment ratio. All the people who


    cannot pay cash and are choosing to pay in installments would have to choose to pay a minimum of


    sixty installments! There is no ceiling to it!"


    Everyone immediately followed the sound only to see Charlie, who was apanied by Stephen,


    stride in.