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Maths / Interest question :cry:
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Apr 28, 2005 | 09:25 AM
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Anonymous
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Yeah thats just basic compound interest by the sounds of it mate.
To turn the anualised rate into a daily one you just divide it by 365 (fook leap years, lol)
Then to compound it over a number of days you simply do X * (1 + dailyinterest)^NumberDays
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