Comments by "Maxwell Benz" (@Tential1) on "" video.
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Because, financial people created this. What you're saying makes complete sense to you. For me, in finance it's useless. I need to know the rate, so I can compare it to my returns, debts, etc. If you offer me 7%, I know immediately to take it, for my personal situation. Where, if you give me the total amount, I'm going to curse at you, because now I have to get my calculator out or go to financial calculator on Google, and work back out the rate. All that matters is the rate. I may take your loan, then borrow from someone else, or another country, pay off your loan, and exchange it for the foreign loan. Tons of insanity. So, you get rates, because that's what WE care about lol.
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