To be fair, he does say "payback" and not ROI. Banned Reason: Evading a Ban Provisioned to #2107 (Steven) Ban Ends: Never
Let's not get so defensive buddy. There's no reason to get worked up, just because you think you're right (although you're sadly mistaken). I may have taken Pre-Algebra back in 7th grade, but I sure know a thing or two about finances and how investing works. See, one thing you're not aware of, is how ROI actual works. It's a Return on Investment. When I give a percentage, it's not including the original amount. So, you want to pay back $122.40, you'd offer 20% ROI. That's the return on top of the initial investment ($102). $102 + $122.40 = $224.40. See for yourself! https://www.easycalculation.com/mortgage/roi-calculator.php As you can see in this screenshot, if I gave you $102 and you paid back 120%, it'd be $224.40. It'd be 20% if you paid back $122.40. You can claim to be some sort of math wizard, but finances and investing is where I excel
Dre, payback is different from ROI. Banned Reason: Evading a Ban Provisioned to #2107 (Steven) Ban Ends: Never
No it's not. Not at all. I expect to be paid back the initial amount regardless, so the percentage given is extra (ROI, it's the same damn thing.)
Yeah it is, he's saying he'll "payback 120%". Which is $102 x 1.2 or whatever it is. ROI includes the initial value, payback doesn't. Banned Reason: Evading a Ban Provisioned to #2107 (Steven) Ban Ends: Never
Payback does not = ROI, unless I'm being retarded. He's saying that he'll pay you back 120% of what you give him. He's not saying he'll pay 220% back (which would be the case if he said the return on investment is 120%) Banned Reason: Evading a Ban Provisioned to #2107 (Steven) Ban Ends: Never