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  Forum » Suggestions » Deposits Date
Username
26 msgs.
Child's coach
 as possible such that if we deposit $ 28,000,000 as profit only get $ 167,000 weekly WTF ¿? should increase the interest, 7% is nothing! should be increased to 20% is in the Spanish version of the game! it is not worth our money to deposit only receive a portion of profits!

PS: excuse my English, I am using a translator. 		30/03/2012 18:02
  - Div/Gr
Username
5569 msgs.
Golden Ball
that's 7% APR (annualized)

You are earning interest WEEKLY.

So simple formula = 28,000,000 * .07 = 1,960,000 Yearly.

this is 37,600 weekly.

In Striker manager, time is condensed. 4 years sm = ~1 year reality.

37,600 * 4 (conversion from real weeks to striker weeks) = 150, 769

I'm going to guess that you rounded. It's probably something like 7.1% about.

Get it? 		31/03/2012 01:16
  - Div/Gr
Username
382 msgs.
First-team player
 I agree, 7% yearly is ridiculous.. should fix that.. 20% would begin to become interesting.. 31/03/2012 04:57
  - Div/Gr
Username
26 msgs.
Child's coach
 I understand perfectly! but an annual profit of 1,960,000 for placing 28,000,000 is nothing! is a joke for us all! the interest rate is very, very low! should increase to not less than 20% believe that we deserve it because then deposit our money is worthless if you get nothing. 31/03/2012 05:10
  - Div/Gr
Username
2108 msgs.
Best scorer
n8mare said:
I agree, 7% yearly is ridiculous.. should fix that.. 20% would begin to become interesting..



But you see here's the problem, there are already teams with 1,000,000,000 at the top. If we give them 20% interest rates, they make more money than you do in a few weeks just for letting their money sit there.

We're trying to prevent megainflation. Spain however embraced it and that's why they had to close it to newcomers.

Edited by hewhoamareismyself 31-03-2012 05:20 		31/03/2012 05:19
  - Div/Gr
Username
412 msgs.
First-team player
stinpro001 said:
I understand perfectly! but an annual profit of 1,960,000 for placing 28,000,000 is nothing! is a joke for us all! the interest rate is very, very low! should increase to not less than 20% believe that we deserve it because then deposit our money is worthless if you get nothing.


Maybe this is why spain is bankrupt. 20% interest to hold someones money is insane. 7% is actually a quite reasonable interest rate. With our current inflation rates we should be bitching that the lending rate is far too low. The lending interest rate should be closer to 20%. 		31/03/2012 07:41
  - Div/Gr
Username
165 msgs.
Substitute
 What about different intrest as:
div.7 30%
div.6 25%
div.5 20%
div.4 15%
div.3 10%
div.2 5%
as when you promote you will need less intrest than a starting team i think 		31/03/2012 11:59
  - Div/Gr
Username
232 msgs.
Substitute
 UK base rate is 0.5%. I'd say 7% apr is very generous. 31/03/2012 12:47
  - Div/Gr
Username
908 msgs.
MVP of the game
 7% is good but its actually not 7% as a whole,
for example when i deposit 100$ it only gives me 599 which is 5.99% or 6%. so how do we say its 7%? 		31/03/2012 13:15
  - Div/Gr
Username
32 msgs.
Child's coach
 It's actually quite complicated. Because interest is paid in shorter time periods that it is stated the maths is quite complicated.

Assume you pay in £100, and you have 10% interest rate over 10 weeks (so 1% per week). Interest gets paid weekly, so it would work like this:

Week 1: 100*1.01=101
Week 2: 101&1.01=102.01
Week 3: 102.01*1.01=103.03
Week 4: 103.03*1.01=104.06
Week 5: 104.06*1.01=105.10
Week 6: 105.10*1.01=106.15
Week 7: 106.15*1.01=107.21
Week 8: 107.21*1.01=108.29
Week 9: 108.29*1.01=109.37
Week 10: 109.37*1.01=110.46

So in fact you've earned 10.46% interest over 10 weeks not 10.00%. This problem increases the shorter time between payments, the higher rate interest is etc.

To counteract this problem the % you get per week appears as less than the advertised amount, but if you actually left that amount as a deposit for the entire 10 weeks it would work out as 10.00% overall.

HTH 		31/03/2012 15:00
  - Div/Gr
     
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