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shalley

09/12/17 2:56 PM

#180125 RE: longbord #180124

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.