At 12:39 PM 9/12/98 -0400, George wrote:
>It's nice to see that some folks think computers are PC's <g>.
>The problem is with the larger, older systems in use at most
>governments, military and large institutions -- those with two
>digit dates and older software, probably written in COBOL,
>FORTRAN or similar languages (although the language has little to
>do with the problem). Calculations using a date are easy
>pre-2000, i.e., 98 - 62 = 36 (the actual number of years I've
>been in the computer field). When we try 00 (for 2000) - 62, we get -62.
>
>Let's assume I put $1,000 in the bank when I first started in the
>computer field (1962), and let's assume I earned simple interest
>of 6% a year, not compounded. My interest earned as of December
>31, 1999 would be $2,280 (6% * $1000 * 38 years). On January 1,
>2000 my interest earned would be -$3,720 -- minus $3,720 -- I
>would owe the bank money! 6% * $1,000 * -62 years.
Since on that day the interest reached a negative number, every time it is
calculated the negative number would increase, meaning you'd owe the bank
more each year. 6% * -$1,000 * -63 years = -$3,780.
Would anyone like a joint venture in a bank? <grin>
Thanks for the example George!
Jim
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