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Authored by: ThrPilgrim on Thursday, June 28 2012 @ 04:07 AM EDT |
Why not use the same rate as Wonger as stated on their web site it's 360%
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Beware of him who would deny you access to information for in his heart he
considers himself your master.[ Reply to This | Parent | # ]
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Authored by: Anonymous on Thursday, June 28 2012 @ 11:48 AM EDT |
Schoolbooks that cover interest calculations include ready
to use formulas for these scenarios, those formulas can be
used directly in any calculator that can do arbitrary powers
and roots, including bc, dc, perl and (I think) awk. bash
arithmetic tends to be limited to 9 and a half digit (32 bit
ints), so cannot do this.
For the steady state period, where nothing but interest is
added to the debt and no payback happens either the formula
is simply (1 + interest) raised to (time elapsed in interest
periods) (multiply by start of period debt in any
currency).
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