Change `Total Interest Amount` to `Total Annual Interest` on Borrow Loan screen for clarity
See original GitHub issueWhat UI/UX improvements would you like to be implemented:
To change label Total Interest Amount
to Estimated Annual Interest
.
Currently, Total Interest Amount
can be misleading because users might think this is the immediate interest he/she has to pay, which can impact the amount of tokens he/she chooses to mint, especially in situations where a large loan amount is involved.
Issue Analytics
- State:
- Created 2 years ago
- Comments:5 (5 by maintainers)
Top Results From Across the Web
What is the Total Interest Percentage (TIP) on a mortgage?
The Total Interest Percentage (TIP) is a disclosure that tells you how much interest you will pay over the life of your mortgage...
Read more >What are interest rates and how do they work? - Bankrate
APR stands for annualized percentage rate. It reflects the total cost of borrowing by including the interest rate and any fees incurred over...
Read more >PMT function - Microsoft Support
PMT, one of the financial functions, calculates the payment for a loan based on constant payments and a constant interest rate. Excel Formula...
Read more >Annual Percentage Rate (APR): What It Means and How It ...
Annual Percentage Rate (APR) is the interest charged for borrowing that ... A fixed APR loan has an interest rate that is guaranteed...
Read more >Accrued Interest Calculator - Sallie Mae
Paying a little more toward your loan may reduce your total loan cost. *Required. Loan balance*. Interest Rate*. Months of no required payments*....
Read more >Top Related Medium Post
No results found
Top Related StackOverflow Question
No results found
Troubleshoot Live Code
Lightrun enables developers to add logs, metrics and snapshots to live code - no restarts or redeploys required.
Start FreeTop Related Reddit Thread
No results found
Top Related Hackernoon Post
No results found
Top Related Tweet
No results found
Top Related Dev.to Post
No results found
Top Related Hashnode Post
No results found
Top GitHub Comments
@pierregee I don’t think there’s a need to change the wording in the tooltip you pointed out. In this context, it’s quite evident that whatever amount you see on screen (e.g. 0.00023 dTSLA) is the amount of interest you have incurred. The reason I proposed the change for the Borrow Loan screen is because it’s a loan overview page — in this “summary” view, I thought we should be careful with the details.
Let’s calculate the annual interest on the front end, and display
Estimated annual interest
Total loan + annual interest