User Enrollment: None Posted Notes:1
-HELPFUL:0
-NOT HELPFUL:0
-NEEDS MORE RATINGS:1 Posted Ratings:0
-HELPFUL:0
-SOMEWHAT HELPFUL:0
-NOT HELPFUL:0
Posted Notes
2024-11-20 22:32:53
Projected means what would happen, hypothetically, if inflation was monthly 54% for 12 months straight. It's not 54 times 12, that's not how percents work, they grow like bank interest. The exact number would be (1.54^12-1)×100=17693% - huge interest of 177 times the loan sum. [Link] NEEDS_MORE_RATINGS(1-0-3) Related notes[3]