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That all depends on how often you make payments, and the size of each payment.

You certainly know this if you've ever used a credit card, and been the one responsible for the payments.

Regarding the question ... nobody in his right mind borrows money at 10% per day interest.

In the USA, there are "usury" laws that outlaw that kind of interest rate.

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Q: How many years will it take to pay a loan of 7 trillion dollars back at a 10 percent per day interest rate?
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