planet4ever
Well-known member
Sorry, Tony, but your decimal point is off by two places because % is per centum, not per unum.TonyWilliams said:0.00008 * 2400 = 0.192% interestdrees said:Money factor is like the interest rate on a loan.bwatl said:Money Factor: 0.00008 (What is this?)
0.00008 * 2400 = 0.192 = 19.2% ($19.20 per $100 per year)
In other words, a very high interest rate, not a very low one.
Ray