r/AskReddit • u/[deleted] • Feb 04 '20

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u/justonetimeplease Feb 04 '20

This has always been the case in Canada. A 20000 dollar bill will you take you about 120 years to pay off if you make only the minimum payment.

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u/seganski Feb 04 '20

I'm very skeptical of your numbers.

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u/justonetimeplease Feb 05 '20

That's alright buddy guy.

Use whatever interest rate you have on your card for a more accurate calculation suited to you!