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URL:  http://boards.fool.com/no-i-mean-exactly-that-452-each-month-on-the-24015922.aspx

Subject:  Re: What to do now? Date:  4/25/2006  10:13 AM
Author:  DeltaOne81 Number:  51393 of 76078

No, I mean exactly that - 4.52% each month on the balance is deposited in my account

No, you're definitely earning 4.52% per year, not per month. You get paid around 1/12th of it each month. If you earned 4.52% per month your money would nearly double every year (and nearly triple every two years).


Here's the calculation straight from PayPal - i.e. divide the rate by the days in the year, and pay that much each day. So to get the total rate, you need to wait a year.

https://www.paypal.com/cgi-bin/webscr?cmd=_help-ext&nodeid=25047&leafid=61519&prior_transaction_id=173901&answer_id=16777219
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