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Yes fs, forgey did acknowledge eventually that it was his...

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lispingduck

7,180 Posts.

29/01/19

09:57

Post #: 37247238
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Originally posted by fs0010: ↑

Maybe not that smart. It's astounding how ignorant people are about basic mathematics. Yep. Many of them call themselves savvy investors.

2% per month over 4 years is not 96%. The correct answer is 62%.

You should use exponential decay.
1-(1-0.02)^48 = 0.62
https://mathbitsnotebook.com/Algebra1/FunctionGraphs/FNGTypeExponential.html

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Yes fs, forgey did acknowledge eventually that it was his ‘bad’, that he wasn’t as smart as he thought he was.
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