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... how loans were given during this time period.

First of all, even the most generous loans of the time usually came with 5 to 10% interest, although the far more common rate was closer to 20%- loan shark amounts.

So compared to that, Alexander's deal was basically interest free.

In fact, the only reason he even charged that small amount had more to do with the principal than any motive for profit.

He just did not want to appear like an endless 'coin well' to Miss L ...

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