[Fido969]

No, it’s 8.4% per year.

[Robert DeLong]

.07 * 12 = .84 Don't take my word for it, uae a Calculator.

.07 + .07 = .14 + .07 = .21 + .07 = .28 + .07 = .35 + .07 = .42 + .07 = .47 + .07 = .56 + .07 = .63 + .07 = .70 + .07 = .84 + .07 = .84 (does that help you see it

.07 is 7 tenths of 1 percent

See for yourself

[Robert DeLong]

.07 * 12 = .84 Don't take my word for it, uae a Calculator.

.07 + .07 = .14 + .07 = .21 + .07 = .28 + .07 = .35 + .07 = .42 + .07 = .47 + .07 = .56 + .07 = .63 + .07 = .70 + .07 = .84 + .07 = .84 (does that help you see it

.07 is 7 (correction) hundredths of 1 percent

See for yourself