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Web16 lug 2024 · Actually e remains at the heart of the "compound interest machine" even if you have different interests. If you take 10%, for example, you'll end up with e^0.1. When you have 100% it's e^1. Or 200% = e^2. It the same e all time, but modified by raising to different powers (a power of the interest). Hope this helps! The effective APR, annual percentage rate, or the mathematically correct annual percentage rate here is 25.7%. You might say, "Hey, Sal, that's still not too far off "from the reported APR, where they just take "this number and multiply by 365, instead of taking "this number and taking it to the 365 power." You're saying, "Hey, this is roughly ... sand and fog apple cider candle
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