How do they work it out?

The mind boggles.

I don't get them till next week (the specs, not the women), since the super tough anti-scratch coating takes a bit longer. But that wasn't used as a selling point, and presumably they won't all be in focus at the same time anyway.

Reply to
Ronald Raygun
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In message , Ronald Raygun writes

Strange but true!

The super tough anti-scratch coating ? or the women?

No, but I can recommend a good headache pill that will sort you out after youve spent all day trying.

Reply to
john boyle

How was it done then? I guess they just used a flat rate for the whole term and that was that, and it would have been fine if the loan was left to run its full course. If you paid it off part way through because that tip for the 3.30 at Haydock was spot on, there must have been some reasonable mechanism for deciding how much interest was no longer due. The Ro78 would have been one obvious method of apportioning it (which would have implied an accrual concept even if no compounding was involved).

The other obvious model that comes to mind would have been to consider the borrower owing the *whole* balance for the whole year, and that the monthly payments were all just squirreled away into a non interest bearing piggy bank, which at end of term would be slaughtered and the contents used to pay off the whole principal and the whole interest. In that case, paying it off halfway would have involved owing the whole balance for only half the time, and getting let off half the total originally agreed interest instead of just a quarter (ish, or more precisely 21/78).

The multiplicity of breasts, of course. After all, it was a woman doing the selling.

Thanks for your unstinting support. I'll get back to you should the need arise. We disabled have to stick together.

Reply to
Ronald Raygun

In message , Ronald Raygun writes

That was it!

It might not be the need that will arise.

Reply to
john boyle

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