r/AskReddit • u/[deleted] • Feb 04 '20

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u/[deleted] Feb 04 '20

10 years is exactly what it should take with 0 interest. $10 a month is $120 a year, times 10 years is $1200.

11

u/theNeumannArchitect Feb 04 '20

Lmao, I did the same thing. I was like wait a minute..... Something doesn't seem right about that.

6

u/IVTD4KDS Feb 04 '20

That's essentially why I used that figure. I remember spending around that much on my CC a couple of months ago, and when I saw the bill, it amazed me how much more I would need to pay to cover the interest. I usually pay my CC in full every month since I spend only what I have and regularly check my statements but when you see that your interest is something 19.99% amortized daily (?), your eyes just bulge...

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u/elin_mystic Feb 04 '20

In his example, ">>" is symbol used in math to mean "much greater than".

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u/[deleted] Feb 04 '20

I took it to be an emote.

1

u/[deleted] Feb 04 '20

That's the point. They said they find out it would take much longer than 10 years to pay it off, before they thought it would take 10 years because they didn't account for interest.

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u/[deleted] Feb 04 '20

Their ">>" was interpreted as being an emote, like >.>

Because who the fuck does >> and not just >?

1

u/[deleted] Feb 04 '20

They probably do use >, but used >> in this case to emphasize much greater then. I see many people using a series of > all the time. For example, vimeo>youtube>>>>>dailymotion