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Re: AZCowboy post# 591696

Monday, 10/14/2019 1:06:45 PM

Monday, October 14, 2019 1:06:45 PM

Post# of 733321
Sorry AZ, but in this case you are off by a factor of 100!!! Hotmeat is absolutely correct IF IF IF the line below is correct:

If:
FJR is 1.95% annual


From your post (post# 591651):
"Post-Petition interest calculated at Federal Post-Judgment Interest Rate of 1.95% as of 9/26/08 compounded on an annual basis"

1.95% = 0.0195

Then:
$4,100,000,000 @ 0.0195 = $79,950,000 annual

By stating 1.95% = 0.000195, you have effectively converted from percent to decimal TWICE!!!!!

Jest

NOTE: Do not make investment decisions based on the information provided in my posts; past, present, or future.

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