Why do this when you have money to burn?
At this moment, Li Aiguo truly couldn't bear it.
He keeps fleecing Chen Dong after catching one sheep; how could he ever face Chen Dong again?
Thinking about these things.
Li Aiguo was also in a dilemma, so he simply told the truth.
"Brother Chen, to tell you the truth, a loan is definitely feasible."
"But Brother Li couldn't bear it. He couldn't possibly push you into the fire with his own hands. How could he possibly save face?"
"Brother, just tell me the truth, what are you really thinking?"
Chen Dong smiled calmly upon hearing this.
People say actors are heartless.
But no matter what, an actor can still put on a show for you.
In contrast, these seemingly respectable bankers are absolute examples of ruthless betrayal.
Chen Dong isn't stupid; how could he possibly tell the truth to these people?
Currently, the exchange rate between the US dollar and the Chinese yuan is 1 US dollar to 4.788 Chinese yuan.
However, by 1994, the exchange rate had changed to 1 US dollar to 8.619 RMB.
Let's do a simple calculation.
The loan is for 43 million RMB, from 1990 to 1994, a total of 4 years, with an annualized interest rate of 7.8%.
In other words, the total interest on the 43 million is 13.416 million RMB.
Now, $5 million is equivalent to 23.94 million RMB at the current exchange rate.
By 1994, that $5 million could be exchanged for 43.095 million RMB.
Subtracting the principal of 23.94 million from 43.095 million, and then subtracting the interest of 13.416 million, leaves 5.379 million RMB.
So, why shouldn't Chen Dong take out a loan?
In the morning, Chen Dong accompanied his parents, Chen Nan, and Hua Zi to buy a house.
There are a total of 4 apartments on one floor, with a combined area of less than 400 square meters.
If we calculate based on 400 square meters, at 2,000 yuan per square meter, 800,000 yuan should be enough, right?
If you factor in the renovation and furniture costs, the price will probably double.
One company costs 1.6 million, so three companies would only cost 4.8 million.
5.379 million?
Not only did I earn back the money I spent on the house, but I also managed to buy furniture and decorate it.
It's not an exaggeration to say it's free, is it?
If we live here for a few more years, we can resell it.
Wow, the house prices will probably increase tenfold or more!
Those who know the truth, tell me, aren't you angry?
besides!
Chen Dong also wanted to leverage the backing of China Construction Bank, using cash flow and credit lines to maximize the utilization of funds.
After all, these payments are tied up for ten days or half a month, or even several months; putting them in the bank can at least generate some interest.
Even the smallest mosquito is still meat!
......
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