There's an algorithm known as banker's rounding that I thought all US banks used. I'm on blackberry right now so I don't have a pointer, but essentially you round to the nearest even cent. 1.5 goes to 2, as does 2.5. Waynn On 7/15/08, tedd <tedd.sperling@xxxxxxxxx> wrote: > At 4:15 PM -0400 7/14/08, Robert Cummings wrote: >> >> >>Nope, banks can't round like that when calculating your daily >>interest :) >> >>Cheers, >>Rob. > > I do know that when it comes to interest you pay them, they round up. > When it comes to interest they pay you, they round down -- and why > not? A decision has to be made -- you can't pay someone less than a > penny. > > Cheers, > > tedd > > -- > ------- > http://sperling.com http://ancientstones.com http://earthstones.com > > -- > PHP General Mailing List (http://www.php.net/) > To unsubscribe, visit: http://www.php.net/unsub.php > > -- PHP General Mailing List (http://www.php.net/) To unsubscribe, visit: http://www.php.net/unsub.php
