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1B + 0.2 * 5B = 2B It's odd to me to describe that as "over $1 billion". Either it's 2B, or the other part of that math isn't correct. "To date, Apple has in
by VikingCoder 7y ago
1B + 0.2 * 5B = 2B
It's odd to me to describe that as "over $1 billion".
Either it's 2B, or the other part of that math isn't correct.
"To date, Apple has invested over $1 billion in American companies from its Advanced Manufacturing Fund — deploying the entire $1 billion initial investment and 20 percent of the $5 billion it subsequently committed to spend."
- bagacrap 7y agoThe 20% is committed, so only partially spent so far, iiuc
- VikingCoder 7y agoThanks for the reply... But that's really not a plain English reading of their statement: "To date, Apple has invested over $1 billion in American companies from its Advanced Manufacturing Fund — deploying the entire $1 billion initial investment and 20 percent of the $5 billion it subsequently committed to spend." "Apple has deployed the entire $1B and 20% of $5B." Is there a part of the sentence I'm missing which implies your reading is correct? Rephrasing: I suspect you're right about reality, and the sentence I quoted was written by someone who didn't understand the reality, or was trying to misrepresent reality.