View Single Post
Old
10-05-2012, 09:12 AM
  #23
Joe T Choker
Roll Wide Roll
 
Join Date: Oct 2002
Location: Melrose
Country: Italy
Posts: 23,462
vCash: 500
Quote:
Originally Posted by Adz View Post
Predfan and I were talking the other day and came to the realization that what the Preds are offering really isn't an APR of 10.25% She asked her rep what the amount would be over the course of the year and from that figure and the amount she pays for tickets we could determine that it's straight .85444% interest paid after 12 months. .85% is 1/12 of 10.25% BUT because the September games are NOT paid interest after the first month, it never has the potential of becoming 10.25% I don't know if the Preds truly didn't realize the methodology of annualizing or whether they're pulling the wool over peoples' eyes...but it is not 10.25%.
from the accountant offices of dewey cheatem & howe

Joe T Choker is offline   Reply With Quote