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APR is not an approximation.The APR is actually the rate applied if one made no repayments for one year. Again, a different animal from the 'flat interest' rate.
average wage
- Thread starter billyo
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APR is not an approximation.The APR is actually the rate applied if one made no repayments for one year. Again, a different animal from the 'flat interest' rate.
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APR confused a great deal of people as was publicised some time back, the meaning of approximation in this context is that they the financial bods dont say what they mean, which leads the ordinary folk who dont have a financial grasp on things to be misled with their finances.
APR is not an approximation.The APR is actually the rate applied if one made no repayments for one year. Again, a different animal from the 'flat interest' rate.
2
2scoops0406
APR confused a great deal of people as was publicised some time back, the meaning of approximation in this context is that they the financial bods dont say what they mean, which leads the ordinary folk who dont have a financial grasp on things to be misled with their finances.
APR is not an approximation.The APR is actually the rate applied if one made no repayments for one year. Again, a different animal from the 'flat interest' rate.
APR's were introduced to specifially allow consumers to objectively compare interest rates and take the confusion out of things. Seems like that's not worked.
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2
2scoops0406
but what does the worker on a line in a factory get , is there more shop workers and min wage people than fat cats , so what is there avarage wage,
That wouldn't be totally unrealistic.
O
oompah
On the packing lines where I work most if not all are eastern europeans contracted to agencies don't know what their actual wage is but i bet its around the mininum wage so is this included in the supposed average wage calculation.
O
oompah
By whom and to whom?
O
oompah
Like Vaughan to Ponting
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Surprised you didnt knock up an excel sheet to present your case pip
Sorry 'bout that, but the official source should be mentioned...
Note the sample size too...
should we go by numbers ie 10 million get between £5.75 & £7.50 per hour , next 5 MIllion get .£7.50 £9 per hour and so on ,till the real true figures shine through 1% get £1,000,000 plus , like branston plus sports and pop people, stock exchange guys ect then we would have, THE REAL FIGURE OF WHATS GOING INTO works pocket bet it's not £457 per week
bet it's not £457 per week
2
2scoops0406
Reminds me of those ads for training courses in I.T. They all state:
"the average salary in IT is £££ridiculousamount£££"
What they don't mention is that Bill Gates is included in the stats
I think you mean "the average salary in IT is rupees ridiculousamount rupees"
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