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// 05 — Debt Lab

Watch the spiral.

Drag the sliders. The APR is the same math the federal Truth in Lending Act forces lenders to disclose.

True APR
391%
Total fees
$180
Total owed
$480
Cost / $1 borrowed
$0.60

Rollover schedule

#1
$345
#2
$390
#3
$435
#4
$480

Each rollover keeps the principal alive while you pay another fee. Most borrowers roll over 8 times before clearing the loan.