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@IamKarnii we can discuss details ingame ;) I'll sleep on this and see what I think in the morning.
***Transaction Successful***
It's already in the loaning account :P
Oi, where were you all when I put up the original applications? Living under rocks? *Grumbles* I asked for donations for days and I only got...
By the way? I did not know your money was to savings, it goes to checking by default, I don't remember seeing anything specifying it going to...
Sorry, I had forgotten to remove that, it's no use since you will be reimbursed if you lose your money to the loan. When/if I get money back from...
***Transaction Successful*** Investors involved: @legotom001 - $20,000 @BlazeInfinite - $40,000
Money recieved ingame
I will gladly give you your time back that I've taken, but you will still need to put the pick in the chest before you get off, for the reasoning...
And by the way, I have people put the pick back when they log off so that if they are banned (it has happened in the past) during rental or...
I apologize for this big mixup, I should've shot you a forum pm..
Sorry about this, right when I was about to put the pick axe back, my game crashed and minecraft won't reopen. When I am online again, you will...
Haha, that'd be a clever way to work around the interest rule.. Hmm.. I think I change my mind. Compound interest would be the simpler solution to...
To be honest, the only time I've lotto 'do your loan money was during that crazy lotto which was that 20k loan :laugh: the rest have been either...
Well, after finishing and thinking this all over, I've decided the following: Imterest Rate (Checking/Savings): 8% - Monthly/10% - Bi-Monthly...
For example, $20,000 * .08 = $1,600 Now, say you deposit 50k to your 21,600 bank balance.. The interest wouldn't be counted in your interest...
The Simple interest example (Ex. 2) would be correct. Interest is decided by the amount of money initially in your account. However should you...
Lol, nice.
Rip, don't try and find me in my eff7 mine lolz
Huh, seems good heh, sorry for all this comfusion. Obviously it's my first time running a bank.. Lol.
