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Post# of 235079
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shalley

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shalley

Re: longbord post# 180124

Tuesday, 09/12/2017 2:56:10 PM

Tuesday, September 12, 2017 2:56:10 PM

Post# of 235079
Do you see the problem in his funny calculation?
Taking 1.5m loan at 16% monthly interest, after one year, it becomes 1.5+ 1.5*0.16*12 not 1.5*1.16*12.

Is 1.5+1.5*0.16*12 equal to 1.5*12+1.5*0.16*12 ? Wonder which university he took his math classes.
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