Am I dumb

DBonee Thank god we have a smarty here. ty for breaking it down for us <3

1% per week is equal to 62% annually (or per annum). So if you had $100 compounded at 1% weekly, it would amount to 62% per year (instead of 52% as in 1% x 52 weeks, the overall compounding over time makes it 62%).

we're dumb twunks