online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
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What is Simcountry?
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What is Simcountry?

Why pay back loans? (White Giant)

Simcountry: Simcountry Bulletin Board  Why pay back loans? (White Giant)

Bad Karma (White Giant)

Saturday, November 06, 2004 - 08:01 pm Click here to edit this post
You guys are right to a point. If you have a 4% loan taken, and give a 4% loan the 2 will cancel each other out. You will have zero income however for the money payed out and it could only be used cover certain loans, those at 4%.

IF you pay the loan immediately however your paying a 5% fee. That is only a few monthes of interest total. You could pay off all your loans, then offer loans with money later, you would cover your cancelation fees and turn a profit long before those other loans even cleared. It takes about 1 or 2 game years to completely wipe out debt usually if you build within your budget, long before most loans would expire.

Like I have said, go threw some of the old threads. All the calculations are there from very mathmatically inclined individuals who have played this game for along long time and spent hours figuring out the quirks of the game.

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