Is compound interest a boomer meme?

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Anonymous Thu Aug 15 09:21:16 2019 No.15261280 [Reply] [Original]

Is compound interest a boomer meme?

Anonymous Thu Aug 15 09:23:54 2019 No.15261303

yes. it's just a slight of hand math trick, the same one which means you can lose more than your initial if your coin goes down 10% more than 10 times, which really shouldn't work if you think about it, yet (((they))) trick you into making 200% losses easily

same with interest, 4% is 4% is 4%, it's all usury. 4% interest rate for 5 years is 20% and that's that

>>	Anonymous Thu Aug 15 09:32:45 2019 No.15261399 >>15261303 >4% interest rate for 5 years is 20% I really want to post this on /sci/

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