3 ms·
I'm inclined to believe you, but how would you something something close to 15-20%? For 1 week: 3 / 360 = 0.8% For 52 weeks: (3 * 52) / (360 / 52) = 0.8% Or
by sopooneo 11y ago
I'm inclined to believe you, but how would you something something close to 15-20%?
For 1 week: 3 / 360 = 0.8%
For 52 weeks: (3 * 52) / (360 / 52) = 0.8%
Or is it that Even is holding on to effectively a weeks worth of pay at all times, and we're calculating interest based on $360 of principal? Or is compounding coming into play somewhere?
- chetanahuja 11y agoSee EDIT: on the GP comment.