Quote Originally Posted by NotSoSilentBob View Post
I would love to see the math behind that figure. 50% interest? That is quite laughable.

Here ya go .....

Using the calculator at Loan Calculator ...

Borrowing 100M for 20 years at 4% produces a monthly payment of $605,980.33. That's $7,271,764 per year. So the 20 year total is ...
$145,435,280, or 45%.


======

On a semi-related matter, here's a cost update.

The new Mingo Central HS, which will consolidate Matewan, Gilbert,
Williamson & Burch in 2 years, just broke ground. It'll be 173,000 square feet and have about 65 classrooms, which includes a new Career Center. Bids totalled $35 million.

$35M Mingo Central High technically under construction