Post: Loan Shark - Low Interest
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12-05-2010, 01:03 AM
#1
Jester Actual
Add me on Xbox
12-06-2010, 09:59 PM
#2
cloudedjudgemen
Error… Cat invasion!
Originally posted by Penguin
Ever In Need For Vbux? Well I'm Your Loan Shark.
Current Rate: 40% (Will change as time increases)
100k vBux : 140k vBux
200k vBux : 280k vBux
300k vBux : 420k vBux (Stoner Special!)
400k vBux : 560k vBux
500k vBux : 700k vBux
You will have 1 week to pay me back, otherwise a dispute will be opened.
Require payment from:
Current Rate: 40% (Will change as time increases)
100k vBux : 140k vBux
200k vBux : 280k vBux
300k vBux : 420k vBux (Stoner Special!)
400k vBux : 560k vBux
500k vBux : 700k vBux
You will have 1 week to pay me back, otherwise a dispute will be opened.
Require payment from:
Low interest with 1 week to pay you back.. HAHAH your out of your mind.. You do know interest is calculated yearly but charged daily.. so a bank deposit of 7% means in realisty you only get 7% divided by 54 (0.12%) even a personal loan of 20% would incur 0.37% interest in a week..
Your interest rates are 40% in one week x54 = 77,788,236% interest
That means if you invest just 100,000 vbux you would end up with 7.80 BILLION vbux owing at the end of the year.. (because you compund weekly)
Nobody would go for this you really were stoned (stoners special) when you set this up lol.
In just 2 weeks your 100k debt would be 200k, doubles every 2 weeks.
Edit: This should say ASTRONIMICAL INTEREST..
The following user thanked cloudedjudgemen for this useful post:
12-06-2010, 11:03 PM
#3
Jester Actual
Add me on Xbox
12-06-2010, 11:06 PM
#4
HtD
Dark Knight
Originally posted by cloudedjudgemen
Low interest with 1 week to pay you back.. HAHAH your out of your mind.. You do know interest is calculated yearly but charged daily.. so a bank deposit of 7% means in realisty you only get 7% divided by 54 (0.12%) even a personal loan of 20% would incur 0.37% interest in a week..
Your interest rates are 40% in one week x54 = 77,788,236% interest
That means if you invest just 100,000 vbux you would end up with 7.80 BILLION vbux owing at the end of the year.. (because you compund weekly)
Nobody would go for this you really were stoned (stoners special) when you set this up lol.
In just 2 weeks your 100k debt would be 200k, doubles every 2 weeks.
Edit: This should say ASTRONIMICAL INTEREST..
Your interest rates are 40% in one week x54 = 77,788,236% interest
That means if you invest just 100,000 vbux you would end up with 7.80 BILLION vbux owing at the end of the year.. (because you compund weekly)
Nobody would go for this you really were stoned (stoners special) when you set this up lol.
In just 2 weeks your 100k debt would be 200k, doubles every 2 weeks.
Edit: This should say ASTRONIMICAL INTEREST..
Lol even im stoned and this sounded epic funny haha XD
lol
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