@sardonicsmile

10% interest per year on a $100 loan in 1 year should be $10 extra or $110 dollars to pay it off in one lump sum 1 year later if no prior payments are made whether simple or compounded if calculated honestly

An extreme!y dishonest thing is done

They claim that 10% compound interest per year is the same as taking 5% interest every six months when in reality it should be the square root of 10% every 6 months

1.05 * 1.05 > 1.1

They they divide it into segments without limit