Retroactive checks

H.E. Pennypacker

Mmm, Mombasa!
Which half?
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iowa boy

Well-Known Member
Dusting off my actuarial skills:

UPS earned $9.972 million in interest from the time the contract was ratified to July 1st

assuming:

- The $660 million was "owed" evenly in lump pmts from the end of Aug to the end of April,
- Interest was compounded monthly, and
- UPS was able to "earn" 3% annually on the funds during through June 30th.

At 6% annual return, the amount is $20.102 M.

If this is correct, we may actually be able to get gas off site at the end of the quarter on the 28th of this month, then again, maybe not...:confused:
 
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