April 1st, 2014
I would like to promote capital liquidity on the market, I've decided to devote my time to operating as a depository, loan underwriter and venture capitalist(or joint). I'm looking to network with players who have higher wealth who lack availability and options to grow their net worth substantially.
(***Current Savings Interest Rate***) -> (5% return per 31 days)
Venture Projects:
Please send proposals.
Loans:
Current loan opportunities 1 week, $10,000 (interest rate subject to rating), must sign contract.
Looking forward to working together!
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Thunder_Dragon BuilderBuilder ⛰️ Ex-Mayor ⚒️⚒️
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Thunder_Dragon BuilderBuilder ⛰️ Ex-Mayor ⚒️⚒️
To make a deposit, simply /pay Thunder_Dragon (amount), no minimum or maximum amount is required (****make sure to submit a screenshot of this transaction for your and my records****). Interest will be added to your principal amount compounded daily (interest is applied at 8 am, funds must be held for a minimum of 24 hours to receive any interest payment) at (5/31)%, which comes out to 5% compounded growth per 31 days.
To calculate the value in your account (principal plus interest), use this formula.
P = Amount Deposited + Any Existing Funds
I = Interest Rate Per Day = (.05/31)
N = Number of days invested (must be in deposit before 8 am the previous day)
M = Current Value of money in account, principal plus interest.
Use the compound interest formula; (M = P(1 + I)^N), to calculate value of your current account.
For example, say I invest 10,000 ecd for 14 days, or 2 weeks. To find my current account value I will solve the compound interest formula as such; (P = 10,000, I = (.05/31), N = 14,) we are solving for M the current value.
M = 10,000(1 + (.o5/31))^14 = 10,228.19 rounded up.
So in 14 days, the account has grown $228.19 in value. Keep in mind the more money deposited, the higher compound earnings an account will make.
******* Remember to Screenshot and post here any deposit, you may deposit at anytime, interest begins accruing 8 am every day, and will be added only if the money is in the account by 8 am the following day. *******-
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I like the idea here, however unless you already have a huge working capital you will end up running a ponzi scheme without even realizing it and risk going bankrupt yourself. If you do have a big working capital go for it just be careful.