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You didn't include the fee in the payback, and you are confusing monthly with annual interest rates

Is the fee not charged upfront - that's why I excluded it from the payback period.

Ahh you caught the mistake with the interest periods! Thanks!

>Is the fee not charged upfront

How does that make any sense?

It's pretty common to have a fee for a loan that's paid upfront like an arrangement fee.

But you're probably right in this case - Stripe likely include their fee in the monthly payments - updated the sheet.

Appreciate the feedback!