The formula to calculate Money Per Second (MPS) is:
\[ \text{MPS} = \frac{\text{AI}}{365 \times 24 \times 60 \times 60} \]
Where:
Money per second is a way to break down your annual income into the smallest standard time unit – seconds. It provides a perspective on how much money you are earning every second of the day, assuming a constant income stream throughout the year. This can be a fun and interesting way to look at income, especially when comparing different salaries or contemplating the time value of money.
Let's assume the following value:
Using the formula to calculate Money Per Second:
\[ \text{MPS} = \frac{50,000}{365 \times 24 \times 60 \times 60} = \frac{50,000}{31,536,000} \approx 0.001585 \text{ per second} \]
The Money Per Second (MPS) is approximately $0.001585 per second.
