# Thread: pay \$100 in equal increments every month

1. ## pay \$100 in equal increments every month

Hello.

"pay \$100 in equal increments every month"

What does this mean?
Does it mean that, for example, you pay \$10 in May, \$20 in June, \$30 in July, and \$40 in August?

Pharmacyclics could earn \$39.5M in alliance with French company - Silicon Valley / San Jose Business Journal:
Pharmacyclics will receive from Servier up-front payments totaling \$11 million on signing the contract and an additional guaranteed \$4 million for research collaboration over a 24-month period, paid in equal increments every 6 months with the initial payment due Oct. 1, 2009.

2. ## Re: pay \$100 in equal increments every month

No, equal increments means the same each month.

If it's 4 million over 24 months in equal increments every six months, then \$1 million will be paid Oct 2009, \$1 million April 2010, \$1 milllion Oc 2010, and \$1 million April 2011.

{not a teacher}

3. ## Re: pay \$100 in equal increments every month

Except that the reporter does not understand the meaning of 'increment'.

The appropriate word here is 'installment'. Just how the whole deal then totals \$39.5M........?

4. ## Re: pay \$100 in equal increments every month

David,

Could you show me some correct examples of "equal increments"?

5. ## Re: pay \$100 in equal increments every month

Apprentices are paid \$100 a week when they start, with an annual increment of \$10 per week, so that in my fifth year, I'll be earning \$150 every week!

I owe him \$100, and he says it's OK to pay him back in four installments of \$25 a month.

6. ## Re: pay \$100 in equal increments every month

Originally Posted by David L.
Apprentices are paid \$100 a week when they start, with an annual increment of \$10 per week, so that in my fifth year, I'll be earning \$150 every week!

I owe him \$100, and he says it's OK to pay him back in four installments of \$25 a month.
Isn't \$50 correct?

7. ## Re: pay \$100 in equal increments every month

increment: Latin 'incrementum' - to grow, increase.
I start out earning \$100 per week...and after an annual pay increase of \$10 per week, after 5 years I end up earning \$50 per week????

8. ## Re: pay \$100 in equal increments every month

David,

Thank you for the response.
I'm not good at math, so I wouldn't be able to make out what you're saying. Sorry about that.

9. ## Re: pay \$100 in equal increments every month

I must write 100 times "do not answer posts close to midnight."

I somehow completely missed the "increments" versus "installments." I can only take a little solace in the fact that reporter did too.

10. ## Re: pay \$100 in equal increments every month

Originally Posted by David L.
increment: Latin 'incrementum' - to grow, increase.
I start out earning \$100 per week...and after an annual pay increase of \$10 per week, after 5 years I end up earning \$50 per week????

Each week in the 1st year: \$100 + \$10 = \$110
Each week in the 2nd year: \$100 + \$20 = \$120
Each week in the 3rd year: \$100 + \$30 = \$130
Each week in the 4th year: \$100 + \$40 = \$140
Each week in the 5th year: \$100 + \$50 = \$150

Am I correct?

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