In the game of EU2 I as China sent the government of Sweden a player nation 500 ducates of gold as a loan at 2% interest over the first 10 years which i think added up to 100d so they would owe me 600 in total.
But we agreed for every year late +1% interest per year late.
He's 11 years late.
How do i calc interets for this? How much does he owe me? 11% of 600 more or 3%+4%+5% etc etc?
Posted by BaoQingTian (Member # 8775) on :
How & when is the interest accrued? Is it simple or compound interest?
Posted by The Pixiest (Member # 1863) on :
If it's something you like that you wouldn't tell your mother about, it's Accrued Interest.
Posted by Blayne Bradley (Member # 8565) on :
ok but do I charge just 11% for 11 years or each years interest all added up? I dont know squat.
Posted by Noemon (Member # 1115) on :
quote:How do i calculkate accreud interest?
I nominate this thread for the prestigious "most ridiculously misspelled title" award.
Posted by Artemisia Tridentata (Member # 8746) on :
You would need to look at your contract. Does the interest compound monthly, or yearly or not at all. It would all be there in the terms and conditions of your loan document. However, since this is just a game, the easest way would be to google an amortization table. There are dozens of them free on the net. Put the loan information in the way you think it should have been aggreed upon, and hit calculate. If you just want a "lets get on with it number" I am math challanged, but with my post graduate degree in Economics, I would suggest: [{(500x1.02)x1.02}x1.02]x1.02...... for the ten years. The llth year use 1.03, the 12th year use 1.04 etc.
Posted by Blayne Bradley (Member # 8565) on :
kk thx
Posted by Krease (Member # 9536) on :
quote:Originally posted by Noemon:
quote:How do i calculkate accreud interest?
I nominate this thread for the prestigious "most ridiculously misspelled title" award.
motion seconded.
Posted by B34N (Member # 9597) on :
quote:Originally posted by Noemon:
quote:How do i calculkate accreud interest?
I nominate this thread for the prestigious "most ridiculously misspelled title" award.
Giggles Posted by Dr Strangelove (Member # 8331) on :
Nah, it's only two letters off. An additional K and the e and u switched around. It looks funny but isn't really all that bad.
Now if it was "Howe do i cakluate ackrude entrist" I'd have to give it the nod.
Posted by El JT de Spang (Member # 7742) on :
The thing about Blayne that makes people twitchy, I think, is that his misspellings generally arise out of laziness and disrespect for the rest of the community. He makes very few phonetic spelling mistakes like the ones in your example -- he's much more likely to have an extra letter or two or have letters switched around.
This, plus the fact that we've seen him come out with some long posts featuring near perfect grammar and spelling make it impossible to draw any other conclusion than that he just doesn't give a shit about readability or common courtesy.
![[ROFL]](graemlins/rofl.gif)