27 ms·
I think it should be 0.99^10, since you lose 1% every year, just like interest. Example showing final balance at end of each year: Year 0: Start with $1000 Y
by cwaffles 3y ago
I think it should be 0.99^10, since you lose 1% every year, just like interest.
Example showing final balance at end of each year:
Year 0: Start with $1000
Year 1: $990 (1% is $10)
Year 2: $980.1 (1% is $9.9)
...
Year 10: $904.38
- TigerTeamX 3y agoYes, you're right. I made two stars but HN removes that. Many times in programming we use two stars for meaning ^