And 30 percent interest was just what they needed, wasn't it?
That gave him about a ten percent interest in the company.
The balance is now $46,198.88 at just over 16 percent interest.
Previously, they had to report any interest of 10 percent.
Loans are for up to 20 years at 1 percent interest.
It agreed to pay about $75.8 million for a 30 percent interest in the firm.
If you invest $60 a month at 6 percent interest for 10 years, you'll have almost $10,000.
The investment of $330 for a 1 percent interest has returned about $70,000.
Each will retain about a 41 percent interest in the new company.
It also had a $2,000 mortgage left at five percent interest.