3 ms·
1.072^6 would be an effective 51.8% total raise after six years, no?
by ethbr1 2y ago
1.072^6 would be an effective 51.8% total raise after six years, no?
- johnnyanmac 2y agoOh yeah, you're right. I was calculating off the original deal of 50% before they raised it to 62%. Apologies.
- ethbr1 2y agoFull disclosure: I originally eyeballed it, then felt bad about being imprecise, double checked my memory of the compounding formula, and calculated it out. ;)