There's an algorithm known as banker's rounding that I thought all US
banks used. I'm on blackberry right now so I don't have a pointer, but
essentially you round to the nearest even cent. 1.5 goes to 2, as does
2.5.
Waynn
On 7/15/08, tedd [EMAIL PROTECTED] wrote:
At 4:15 PM -0400 7/14/08,
tedd schreef:
At 4:45 PM -0400 7/14/08, Daniel Brown wrote:
That's as far OT as I'm going, but it's worth noting how
regulation doesn't do shit if it's not enforced.
The only thing that's regulated AND enforced is what you owe the
government.
actually your under no obligation to
[quote]
I don't quite understand your problem, but I use integers for any monetary
workings as you can guarantee it is accurate (obviously, you work in pence
or cents rather than GBP or USD).
Alex
Hello Alex,
I was reading through this thread, and I was curious about what methods you
use
On Mon, 2008-07-14 at 21:09 +0100, Alex Chamberlain wrote:
[quote]
I don't quite understand your problem, but I use integers for any monetary
workings as you can guarantee it is accurate (obviously, you work in pence
or cents rather than GBP or USD).
Alex
Hello Alex,
I was
On Mon, Jul 14, 2008 at 4:15 PM, Robert Cummings [EMAIL PROTECTED] wrote:
Nope, banks can't round like that when calculating your daily
interest :)
If it works in their favor, you'd be surprised what they do.
That's why extending TILA to banks in the US is such a big deal to me,
yet gets
On Mon, 2008-07-14 at 16:25 -0400, Daniel Brown wrote:
On Mon, Jul 14, 2008 at 4:15 PM, Robert Cummings [EMAIL PROTECTED] wrote:
Nope, banks can't round like that when calculating your daily
interest :)
If it works in their favor, you'd be surprised what they do.
That's why
On Mon, 2008-07-14 at 16:25 -0400, Daniel Brown wrote:
On Mon, Jul 14, 2008 at 4:15 PM, Robert Cummings
[EMAIL PROTECTED] wrote:
Nope, banks can't round like that when calculating your daily
interest :)
If it works in their favor, you'd be surprised what they do.
That's why
On Mon, Jul 14, 2008 at 4:28 PM, Robert Cummings [EMAIL PROTECTED] wrote:
I'm not completely sure about the U.S. but banks in Canada are
regulated... fortunately :)
They are here, too, to a certain extent. The problem is, they can
create their own rules that cost the customer a fortune,
At 4:15 PM -0400 7/14/08, Robert Cummings wrote:
Nope, banks can't round like that when calculating your daily
interest :)
Cheers,
Rob.
I do know that when it comes to interest you pay them, they round up.
When it comes to interest they pay you, they round down -- and why
not? A decision
At 4:45 PM -0400 7/14/08, Daniel Brown wrote:
That's as far OT as I'm going, but it's worth noting how
regulation doesn't do shit if it's not enforced.
The only thing that's regulated AND enforced is what you owe the government.
Don't get me started. :-)
Cheers,
tedd
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