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Re: Gallup: Romney 50%, Obama 46%

Posted by AlM on Mon Feb 27 15:10:37 2012, in response to Re: Gallup: Romney 50%, Obama 46%, posted by Spider-Pig on Mon Feb 27 15:05:39 2012.

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Did you know the same distortion is used for loans? A "5%" loan is really a loan whose monthly itnerest rate is 5/12%.

(1+.05/12)^12 = 1.0512. So a 5% loan is really a 5.12% loan.



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