Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: john in missouri
I don't know, what would be the interest charges on 10 billion per minute for being in my account...
17 posted on 10/23/2002 12:57:23 PM PDT by mlmr
[ Post Reply | Private Reply | To 11 | View Replies ]


To: mlmr
At 5% interest, 1M gives you 50K a year. So 10B would be 10,000 times that, or 500,000M a year.

Divide that by 500 days in a year (I'm lazy), and you've got 1,000M a day. At 25 hours in a day (I'm lazy), that's 40M an hour. That's more than $600,000 a minute, which is $10,000 every second.

49 posted on 10/23/2002 3:32:37 PM PDT by xm177e2
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson