返済不可能なローンについて

When people take out a loan, they believe they can repay it. However, when the loan amount and interest rate are both high, repayment may not be possible even with a substantial fixed payment. This paper illustrates how this situation can occur, using a famous Japanese comic strip (manga) as a case study. The story tells the borrower is told that he can pay off the loan if he makes a 197-month-long repayment, which is not true. We show this by using the present value of perpetual bonds.