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In the vocabulary of finance you don't multiply in gains, you add them. It probably historically derives from dividends being added. At the transactional level
by adastra22 1y ago
In the vocabulary of finance you don't multiply in gains, you add them. It probably historically derives from dividends being added. At the transactional level you never actually multiply money, after all (unless you're a bank).
- TheFuzzball 1y agoWhat is multiplication if not adding over time?
- paulsutter 1y agoEveryone is right! It’s a multiply-accumulate (accumulate of course a synonym for add)