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by sopooneo 3974 days ago
I'm inclined to believe you, but how would you something something close to 15-20%?

For 1 week: 3 / 360 = 0.8%

For 52 weeks: (3 * 52) / (360 / 52) = 0.8%

Or is it that Even is holding on to effectively a weeks worth of pay at all times, and we're calculating interest based on $360 of principal? Or is compounding coming into play somewhere?

1 comments

See EDIT: on the GP comment.