interest on loans
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Simcountry is an Online Digital World where you are the President of a country. |
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Detailed Description:
the interest on loans should be set so that you can loan out the money you want to loan out at the interest rate you want AND when the loan is paid back its paid back with the interest NOT after a whole year but a interest fee. like if you loaned 100 million they have to pay 130 million back by the due date or the interest goes up. vote yes if you like this and no if you don't
11 gamers voted for the proposal.
7 gamers voted against the proposal.
The proposal has been ACCEPTED.
W3Creative reaction:
This was the case in the past and it invited a lot of misuse as people loaned themselves with high interest. One account became very rich and the other bankrupted and was closed. We have to keep interest rates controlled. Interest is now paid each month which is easy to understand and check the numbers.
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