Go to page 1
| Forum » Doubts and questions » The interest of interest | Date | |
|---|---|---|
|
Username
20 msgs.
Cadet
|
Hi! Say I deposit 100 000 at 19,534% and I get offered a weekly dividend of 1,490 Euro. That doesn't seem to be adding up in head. Over what period am I meant to get a 19~% on my deposit? Over a year? A game year is 13-14 weeks and so the financial interest should reflect that, money should age just as fast as players. The loans are at least more balanced to reflect the game years, it seems strange that the bank would respond any different to large deposits, and my club does lock up funds while saving between projects that I would want to get paid for in a fair way by the bank. Can we have a fair banking system in the interest of interest. |
24/02/2011 09:13 |
| - Div/Gr | ||
|
Admin
275 msgs.
First-team player
|
The period is one season, 13 weeks. 1490 EUR * 13 = 19370 EUR -> Thats more or less 19,370% of 100.000 EUR |
24/02/2011 12:53 |
| - Div/Gr | ||
|
Username
20 msgs.
Cadet
|
Yeah that makes sense then  Sorry it was a bit early in the morning. But aren't interest rates a bit high and credit limits a bit short. I know there is a financial crisis and all but even Spain is reaping the benefits of a stable Euro and a centralized banking system keeping the cost of lending low in Europe. Though I see how lowering the interest for lending money and increasing credit limits might cause a debt crisis with overvalued football players, kind of like reality. And who will pick up the slack when the loans fail? Its all very complicated.Editado por Sachath 24-02-2011 13:40 |
24/02/2011 13:26 |
| - Div/Gr | ||
Go to page 1
1
