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Post# of 346953
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overachiever

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overachiever

Re: nilremerlin post# 313790

Thursday, 04/29/2010 10:41:28 PM

Thursday, April 29, 2010 10:41:28 PM

Post# of 346953
Sure you are. If you only borrow the money for 30 days you have to annualize the percentage rate. Anyone who doesn't do that is a mullet just asking to be fished in.

You're not supposed to multiply the percentage by the number of periods...that's totally misleading.
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