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| Forum » Doubts and questions » Interest on loans | Date | |
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Username
1560 msgs.
International
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Please i need to know how this work out. I had a 100m loan and the performance was over 5m. But when i removed the loan i just got only my 100m back with the interest being added. Please i need to know how this works or if its useless so i could just keep my cash.thanks | 14/11/2012 15:38 |
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Fiscal
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Best scorer
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You get interest at the end of every week (when you pay your staff salaries and what not) so you've been getting the 5 million over the last X amount of weeks. | 14/11/2012 16:50 |
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Username
6256 msgs.
Golden Ball
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Dont forget that the 5 percent is over the season, so your 100m at 5 percent will get you about 400k per week. | 14/11/2012 16:55 |
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Username
1560 msgs.
International
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You mean if the interest is 5m like i said,every week when the weekly expenses is paid,a part of that money is used? Because i don't think so. My weekly expenses is about 25m and when i had 19m,the 5m interest didn't count | 14/11/2012 18:06 |
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Username
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International
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I don't think so..when i was putting it in my deposit, it was clearly stated the amount of interest per week and that is what accumulates when i don't remove it..like the 100m have been there for over 4weeks to be able to yield that interest meaning that if i leave it till the end of the season,the interest might get to lets say 15m..but now that i've removed it, i can't find the interest. | 14/11/2012 18:09 |
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Username
6256 msgs.
Golden Ball
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It doesnt work like that, you get the interest paid weekly. It doesnt go into the bank it goes into cash. | 14/11/2012 19:36 |
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Fiscal
3449 msgs.
Best scorer
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Go into your finances (season view) and you'll see $5 million in interest in the money you made. The 5 million has already gone into your account. it's not deducted from your weekly expenses, but rather as your weekly expenses go out, your interest comes in, so generally you're not noticing your interest coming in or out. If you deposit an amount right now and then on Sunday after the store money comes in, note the amount currently in your account. Then when your money is taken out note the amount again and it will reflect your interest earned. |
14/11/2012 19:47 |
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Username
1560 msgs.
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Ok thanks everyone.. | 15/11/2012 07:47 |
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