RE: A Penny a Day- By Brandon Williams

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A Penny a Day- By Brandon Williams

in bitshares •  7 years ago 

It's not the fact that it's compounding that makes a difference. It's the interest rate. Realistic interest rates are around 5% a year, or .013% a day. That's 1/8000th of the interest shown in this video.

Relevant xkcd: https://xkcd.com/947/

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