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Retroactive checks
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<blockquote data-quote="Brownee" data-source="post: 4088955" data-attributes="member: 68704"><p>Dusting off my actuarial skills: </p><p></p><p>UPS earned $9.972 million in interest from the time the contract was ratified to July 1st</p><p></p><p>assuming:</p><p></p><p>- The $660 million was "owed" evenly in lump pmts from the end of Aug to the end of April, </p><p>- Interest was compounded monthly, and</p><p>- UPS was able to "earn" 3% annually on the funds during through June 30th.</p><p></p><p>At 6% annual return, the amount is $20.102 M.</p></blockquote><p></p>
[QUOTE="Brownee, post: 4088955, member: 68704"] 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. [/QUOTE]
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