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  Forum » Doubts and questions » Question about deposits Date
830 msgs.
MVP of the game
 I dont get it. Interest rate is 7%, but when I calculate with f.e. 1m€ it gives me 5 385 € of weekly earnings.
Now even if that would be 7% a month (70 000) 70 000/4= 17500€
And even if its about my financial advisor who is on 60%, 60% of 70 000 is 42 000€ and 42 000/4= simply is not 5385 € It is 10,5k

I would like to know what is the math behind this.

Edit; so its on the year basis. But still the math is not correct because it is not 5385, but 5833. But never mind, this can go in trash.
May I just say that this is useless for newcomers.

Edited by Miroslav"Ćiro"Blažević 09-01-2013 18:52 		09/01/2013 18:37
  - Div/Gr
Username
249 msgs.
Substitute
 1,000,000*7%=70,000 one season
You got 14 weeks a season
So every week you got 70,000/14=5,000
Roughly 		09/01/2013 19:38
  - Div/Gr
830 msgs.
MVP of the game
 Thanks. 14 weeks? That explains it, I was working with 12.
Lock and trash. 		09/01/2013 20:17
  - Div/Gr
Username
6256 msgs.
Golden Ball
 Locked and trashed(dns) 09/01/2013 20:36
  - Div/Gr
     
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