And if all of your geos are in the bank and your wallet is empty will your upkeep draw your wallet into the negative or will the funds be drawn from the bank?
Nope, but that's a good idea.Originally Posted by Thepenguin
Nothing comes out of the bank unless you ask it to. All of the automatic transactions (conversions, taxes, upkeep) come out of your "wallet"can i inquire how you have the system for upkeep and bank/wallet system relationship
And if all of your geos are in the bank and your wallet is empty will your upkeep draw your wallet into the negative or will the funds be drawn from the bank?
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100 Geos get 3.75Originally Posted by Mickey
1000 Geos get 37.5
There is no such thing as compound interest right??
Actually, it's compounded every five minutes, which means you actually earn slightly more than the numbers you listed, although I don't know how to compute that all at once.Originally Posted by War_Peace
Rate is 3.75% so 100Geos get 3.75 and 1000Geos get 37.5 right?Originally Posted by Mickey
1000Geos don't get 50 or 10.000Geos don't get 750
This means no compound interest(amount grows - interest rate grows)
Nothing that complicated Mickey...
That's not what compounding interest is. If you have 1000 at 10% (easier figures) and it increases to 1100 after the interest period (1 day). But that won't happen in this game because the interest is calculated every 5 minutes and then gets paid into the account. You earn interest on the interest already paid to you every 5 minutes. I don't know what the figure would be, but it would actually be more that 1100 in your account after one day. If the money stays in the bank (which it does) than the interest is compounded, if withdrawn every 5 minutes, then not compounded.Originally Posted by War_Peace
Here the formula to calculate it at once:
FV = V*(1 + r)^n
FV: future value
V: initial value
r: interest rate (0.0375 in our case)
n: number repetitions (days in our case, as this is a daily rate)
so because it is specified as a daily rate, the final value after one day should increase by just 3.75%, not more. I hope it is already so, otherwise there are 2 options:
a) calculate the needed 5 minute rate so that the daily rate is 3.75%
b) change the text to show the real daily rate:
With the formula in hand either way should be a piece of cake
- palau
Originally Posted by Mickey
Mickey lets remeber banks reward fat cats with better interest rates. In the real world (like you have'nt heard this before) we can shop around. Don't get stingy on the interest rates.
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