ah thanks, I think I get it now. "heritable annuity" is the perpetual interest. ... | Hacker News

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		trgn on Dec 23, 2024 \| parent \| context \| favorite \| on: Happy 400th birthday to the world’s oldest bond ah thanks, I think I get it now. "heritable annuity" is the perpetual interest. "until repayment" threw me off. 75/1200 = 6.25% though. Where does the 2.5% interest rate quoted in the article come from?

d0liver on Dec 23, 2024 [–]

Not sure. From other comments, it sounds like that's an adjustment that they made later.

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