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Re: Regarding banking software

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From glen herrmannsfeldt <gah@ugcs.caltech.edu>
Newsgroups comp.lang.java.programmer
Subject Re: Regarding banking software
Date Tue, 2 Oct 2012 22:44:31 +0000 (UTC)
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Peter Duniho <NpOeStPeAdM@nnowslpianmk.com> wrote:
> On Tue, 2 Oct 2012 13:00:20 -0700 (PDT), bob smith wrote:

>> [...]
>> However, it you want to compound continuously, I think you will need it.  (   To use P*e^(r*t)    )

> Define "continuously".  Do you mean as in computing an integral?  What
> financial institution needs to do that?  For what computation?  Please
> provide an actual example.

Story in my high-school calculus class 30 something years ago was
that there was a time when banks were competing on compounding.

I do remember some advertizing as compounding daily. In that
climate, one bank decided to offer compounding continuously.
(Maybe after another offered compounding minutely or secondly.)
The difference gets ever smaller very fast, though.

Maybe about the same time, there was competition between blender
companies on how many speeds they had. Six, eight, or more.
Then one company put a knob on for an infinite number of speeds,
but no-one would buy them. 

Maybe the same thing happened to banks and interest.

-- glen

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Thread

Regarding banking software Navnath Gadakh <navnathgadakh@gmail.com> - 2012-09-30 21:25 -0700
  Re: Regarding banking software Roedy Green <see_website@mindprod.com.invalid> - 2012-10-01 10:26 -0700
    Re: Regarding banking software Arne Vajhøj <arne@vajhoej.dk> - 2012-10-01 19:43 -0400
  Re: Regarding banking software bob smith <bob@coolfone.comze.com> - 2012-10-01 13:10 -0700
    Re: Regarding banking software Lew <lewbloch@gmail.com> - 2012-10-01 13:59 -0700
      Re: Regarding banking software Arne Vajhøj <arne@vajhoej.dk> - 2012-10-01 19:46 -0400
    Re: Regarding banking software Arne Vajhøj <arne@vajhoej.dk> - 2012-10-01 19:44 -0400
      Re: Regarding banking software bob smith <bob@coolfone.comze.com> - 2012-10-02 07:18 -0700
        Re: Regarding banking software Peter Duniho <NpOeStPeAdM@NnOwSlPiAnMk.com> - 2012-10-02 09:19 -0700
          Re: Regarding banking software bob smith <bob@coolfone.comze.com> - 2012-10-02 11:59 -0700
            Re: Regarding banking software Peter Duniho <NpOeStPeAdM@NnOwSlPiAnMk.com> - 2012-10-02 12:04 -0700
              Re: Regarding banking software bob smith <bob@coolfone.comze.com> - 2012-10-02 13:00 -0700
                Re: Regarding banking software Peter Duniho <NpOeStPeAdM@NnOwSlPiAnMk.com> - 2012-10-02 13:34 -0700
                Re: Regarding banking software bob smith <bob@coolfone.comze.com> - 2012-10-02 14:22 -0700
                Re: Regarding banking software Peter Duniho <NpOeStPeAdM@NnOwSlPiAnMk.com> - 2012-10-02 14:40 -0700
                Re: Regarding banking software glen herrmannsfeldt <gah@ugcs.caltech.edu> - 2012-10-02 22:44 +0000
                Re: Regarding banking software Lew <lewbloch@gmail.com> - 2012-10-02 15:52 -0700
                Re: Regarding banking software Gene Wirchenko <genew@ocis.net> - 2012-10-02 14:55 -0700
            Re: Regarding banking software David Lamb <dalamb@cs.queensu.ca> - 2012-10-02 21:48 -0400
  Re: Regarding banking software Arne Vajhøj <arne@vajhoej.dk> - 2012-10-01 19:40 -0400
  Re: Regarding banking software David Lamb <dalamb@cs.queensu.ca> - 2012-10-01 22:41 -0400
  Re: Regarding banking software Jeff Higgins <jeff@invalid.invalid> - 2012-10-02 03:25 -0400

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