[e-gold-list] RE: inquiring minds

[David Hillary]

David Hillary wrote:
> 
> Viking Coder wrote:
> > uh...It's very simple. The agio fee is 1% per annum taken monthly. i.e.
> > 0.08125%/month
> 
> sorry to be pedantic, but a 1% p.a. fee debited monthly is
> ((1/0.99)^(1/12))-1, which is 0.00083787881 or 0.083787881% per month.
> 
> Davud Hillary

gees that was a bad attempt at a post! can't even spell my own name

First thing the math is wrong. Here is the algebra.
(1-x)^n=b
1-x=b^(1/n)
-x=(b^(1/n))-1
x=1-(b^(1/n))

n=12
b=0.99
x=0.0008371773591

now just got to get the name right!

David Hillary
phew

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