A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Math whiz help needed. $25,000 at 3.00% interest. - What would that pay per every 3 months? TIA
Posted: Jan 04, 2011x
Oops. Make that 3.99% interest. Sorry. - Thanks again. nm
[ In Reply To ..]
x
Can't find my calculator - no1joe
[ In Reply To ..]
I'm assuming that it's 3.99% per year. I might be off, but I came up with approximately $250 ($249.375) every 3 months. Maybe someone with a calculator could double check!
What my bank pays on $25000 in E acct. Think they pay - quarterly. nm
[ In Reply To ..]
x
the last poster is correct - typetypetypeaway
[ In Reply To ..]
I agree that the 3.99% is probably based on a year, so $25,000 x .0399, then divide that by 4 gives you what the OP said.
Similar Messages:
Website That Would Be Of Interest To May 28, 2010I think it was Kiki who was considering taking on op notes ? This is a great website to look up standard procedures and become familiar with the vocab: http://mtsamples.com/ ...
Along The Same Idea Of Conflict Of Interest, A Person In Aug 28, 2010They really have no bite. She said the courts dont like to tell people they cannot work. Also, you couldnt tell a plumber he could do your work, but not the Smith's work. Same thing applies to MT/Ed ICs. ...
Bring It Back Up= Conflict Of Interest Aug 29, 2010Why not just read your contract and find out for yourself instead of relying on the opinions of other people? In the end, neither company will care what someone told you; they will only care about a contract YOU signed. The company I worked for had specifically stated in their contract that we could not work for any company that is in competition with them (any other MTSO) so in this case I would be in violation of that contract. We could work for a hospital, a clinic, a physician, etc, di ...
This Blog Might Interest Those That Work For Nuance Or M*Modal Jul 11, 2012Is There A Market Reshuffling On The Horizon For The Medical Transcription Industry?
Today I’m going to indulge in something I rarely do, much to the exasperation of my wife Carol. A goodly number of our conversations begin with her asking me, “What do you suppose…” and end with me saying, “I don’t have a clue.” I’m not sure if this reluctance to speculate is a guy thing or just a facet of my own particular personality, but for once I’m g ...
Survey Of Interest For Department Of Labor Suit. May 07, 2015 I've been observing Medquist/M*modal for the past number of years since their previous law suit. The technologies they have employed as of late are widely viewed as intentionally inhibiting, many employees stating that this speech recognition program, as well as constant shuffling of work pools, or "pods" prevent the familiarity that is central to profit,accuracy, and productivity. I intend to gauge the interest and willingness of participation in the current M*modal employee community. Pl ...
Been Doing The Math... Mar 08, 2012...and I'm wondering about everyone else's situation. If I work diligently and have work available, I can do 300-350 lph in SR, so that's $12-$14 an hour. My hours actually spent engaged in my job, getting ready for my job, getting to my job, getting home from my job, etc. are basically the hours I'm working and the few minutes it takes me to boot up. I have no car (don't need one--spouse and I work the same hours), no uniforms, no lunches out, no conve ...
New Math? Jun 04, 2014Just got notified the national audit team did a June audit on me and I failed. I had the incorrect birth date. Stupid me. I am usuallly so careful that what is dictated and what ADT have are in sync. This 1 got by me. Said my audit score was 96.75. If a critical error is 3 points, how can this be? Even 97 would be failing. HMMMM? Guess slow down and triple check everything. Back on the "worry wagon" again. What will happen? ...
Let's Do The Math Jan 14, 2015Let's say you have 1,000 MTs. If N manages to keep $100 per week per employee due to penalties, that is $100,000 each week that Nuance gets to keep....for nothing. Multiply that by 52, and they get $5,200,000 to keep per year just on platform, QA, QC, LPH. And how many MTs are there? And how much more than $100 are we losing?
But heaven forbid they have to increase you by a few dollars to get you up to minimum pay.
Check where your total lines are comin ...
Anyone Out There Really Good At Math? Mar 16, 2010I've tried to do the math to figure exactly how much of an "increase" this is. I'm sure it's chicken feed, but since I keep getting a different answer when I try, I'll never know.
I subtracted my old rate from my new rate and got 0.0013. Is this 1/13th of a cent my raise per line? Lordy that cannot be right! I kept doing it over and got different answers, and I don't know how, but math isn't my forte. What does 0.0013 mean? Is i ...
Not Good At Math... Aug 30, 2010If you were to be paid 0.80 cents for every 1000 keystrokes, what would that be equivalent to? ...
Has Anybody Done The Math For The Incentive And Oct 17, 2010I'm unsure if my math is correct, but this is what I got.
I average about 300 lines an hour for my 8-hour shift. In order to reach the cap over the 4 days, I would need to type 16,666 lines above my normal line count. That would be 4167 lines extra a day. In my case, at 300 lph, that would be almost 14 more hours I would have to work daily on top of my normal 8. I suppose 1 hour to sleep and 1 hour for eating and potty breaks a day is all I need, right?& ...
I Stink At Math Mar 22, 2012Here's my deal...I got a report a couple of days ago that shows my avg LPH for the previous ppd along w/ some other stats. It shows that I edit appx 300 LPH (cut me some slack as I'm fairly new on these auths). If I multiply that by an 8-hr shift and my line rate (0.045 cpl), I keep coming back to about $20 more per day than I'm actually getting. My straight transcription pays about double the VR edit rate, so WTH am I missing.Apologies for being dense, but I rea ...
Need Math Conversion Sep 24, 2014if my current job is calculating a line at 55 char w/spaces and a prospective job calculates a line at 65 char w/spaces -- I am so dumb with math anymore -- what would be the equation I'd use for figuring LPH that I might make in an hour on new job? thanks!! ...
Cut In Pay Varies, I Did My Math Dec 03, 2014Many posts on this convoluted mess called a compensation plan. Here are my positives:
1) I don't have to notify payroll if they posted more lines than I should have gotten. I have no clue how many compensated lines I should be given.
2) I don't have to notify payroll if they overpaid me. I will never know.
3) I will know where all the food banks are and every other means of help with utilities, etc.
Now, here's my negative after doing the actual math:
1) I am losing $350 per ...
Fuzzy Math Apr 02, 2015I just received my March report, graded at 99.3% and the accepted standard is 99.6%.
There were 5 audited reports - 3 @ 100%, 1 @ 99.75% and 1 @ 99.3% which was the last one.
My March report said I averaged 99.3% and need to improve quality, proofread, ADT screen, dates, labs and so on. Problem is, one missed comma gave me the 99.3% score. Yes, one comma in that report, nothing else was noted.
Just doing simple math to come up with an average score for my audited reports (5) is 99.81% surpass ...
Did My Blank Math Apr 04, 2015I was consistently going over the metrics for blanks being submitted to the client and decided to keep track of why I was sending those blanks. It turns out that 77% of my blanks are due to either discrepancy or audio issues; blanks that I am positive nobody could fill in. 77%! These metrics either need to be done away with or adjusted for doctors that don't take the time to not be idiots. The most common discrepancy is incorrect age or something else that I can fill ...
Is This Correct Math? Jun 10, 2015If I am part time at a company that pays 3 cpl and I do 1000 lines a day - that is only $30 before taxes? I must be doing something wrong here mathwise. ...
Need Some Help With Math Regarding Line Count Mar 18, 2010What in the heck does .05 for every 43 black characters equal out to. It doesn't sound good but I'm no math whiz. Maybe, I'm missing something and who pays like that. What happened to X-amount of cpl based on a 65-character line..or even a gross line. I suspect it's a sneaky way to screw you but I could be wrong. ...
Who's Decent With Math? Have A Question About That 5%...... Oct 05, 2010Okay, so today if I did 1320 lines and sent 93 lines to QA, which was only 2 reports all day. Wow it adds up fast! This is more than 5% for today (not sure exactly what % but I'm sure it's over 5%). I'm pretty sure this is an average day. So, I'm still confused about how much we get docked.....will I get paid 3 cents less a line for EVERY line starting when I first go over 5% in any given week, which will be the FIRST day? Will it be on EVERY lin ...
To Our Math Lovers: If You Withdrew $500 From IRA Jan 27, 2011have you REALLY lost, say over 20 years? ...
Math Fun For Medquist Employees Sep 15, 2011search for the cpi calculator. Type in what you originally started making when you first worked for Q converted to dollars - like I started at 6 cpl, so I type in 6.00. then type in the year and calculate. Mine comes up a little over 9.00. converting that to cents, I should be making a little over 9 cpl -- that amount has the same "buying power" as 6 cpl did when I started. But actually I'm making a little over 7 1/2 cpl -- This works out to that I now have about 80-some percent ...
I Have No Idea What Kind Of Math They Are Using Dec 14, 2011In any case, I've been ignoring it. You can double check your pay by taking the amount of money in the Current column and dividing that by the number of lines in the Piece Units column.
It may be a little bit more if you work nights and get the shift differential as it seems that they add that on. It would be nice if they would show that in a seperate row like they did before Ultipro ...
No Good In Math, Please Assist Me Nov 21, 2013found to be about one and a half to one and three quarters. How to write in numbers?? Thanks. ...
Mercedes Pay Cut - Would Someone Check My Math? Sep 10, 2014On reading the posts below, if an MT makes 8 cpl and pay is cut down to 6.5 cpl, that is an approximately 20% pay cut.
Then, going from a 65-character line with spaces to VBC (a 65-character line without spaces), that is an approximately 30% pay cut.
So, 20% plus 30% equals an overall 50% pay cut. Can that possibly be correct? ...
I Suck At Math; Which Is The Larger Number: 0.180 Or 0.250? Jun 21, 2010Thanks! ...
Welcome To Synernet Math. Fifty Licenses = 61, Sm Jul 14, 2014and maybe 20% equals over 50%. I hope my landlord understands this new math when I say that this is all my rent money and it is only half. ...
On ROS, Genitourinary: She Has S/l "dys Pur A Mee A", As Well As No Sexual Interest. Nov 16, 2010On ROS, Genitourinary: She has s/l "dys pur a mee a", as well as no sexual interest and dryness. ...
Taking A Stab At The Math Of $75/AUDIO Hour Apr 24, 2013If I understand this right, the calculation is $75 per audio hour - that means for every 60 minutes of dictation, the scribe is paid $75.
If it takes one hour to complete the job, you make $75 per hour
Two hours, $37.50 per hour.
Three hours, $25 per hour.
Four hours $18.75 per hour.
What am I missing? It typically takes at least three hours to transcribe one hour of dictation (audio). If there is heavy formatting, difficult audio, etc., you can expect it to take longer. U ...
Evidentally, 99.75 Plus 99.75 Averages Out To 99.50 (MM Math = Failed Audit.) NM Mar 30, 2014NM ...
Good Grief, My Time Czar Is SO Math Challenged! Jan 28, 2015Nm ...