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Posts: 387 | Thanked: 1,700 times | Joined on Feb 2010 @ Cambridge, MA, USA
#2969
Originally Posted by joerg_rw View Post
I'm not accepting this blame. It's not my fault when you didn't hear it, I'm absolutely sure I *always* was 100% clear about the interest being non-accumulative, exactly because I am (and always been) highly aware that this is not the most common definition of how interest gets calculated (on interest rates defined per month, either monthy or annual calculation is what is used in almost all cases.
[...]
It might be better to call this something other than "interest" so as not to confuse people who will assume it means compound interest. It might be better to call it a "pre-order discount" or something like that.
 

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