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Savings Accounts

Simcountry: Simcountry Bulletin Board  Savings Accounts

Anuban Republic

Saturday, December 06, 2003 - 04:52 pm Click here to edit this post
Savings accounts. Somewere to tuck your money away for a certain Period of time while it gains Interest(you cant touch it once its gone in). Say you Put 10billion in At 5% Interest youd get 10.5billion Back if you put it in for One year. Two years it would Gain A billion The Interest Rates SHould be Lower though Say 3% With 5, 10, 20 and 50 Year Plans.

So you put $20B In the Account for 5 years and your money is released it has Gained another 3Billion.

Put $10B in on the 50 Year Plan at 3% Interest Youd Have your Money Tied Up for a couple of Months But when it returns it would be much larger Infact it would be $43,839,060,187. Worth the Wait.

Nations Do this All the Time, 3% May even Be Too High With Compound Interest Calculated Once a Year (which Isnt alot). Might be an Idea if a System Were this could be done was Implemented.

Treboria

Saturday, December 06, 2003 - 11:50 pm Click here to edit this post
Loan accounts are already there. You get 4% and can tuck the $$ away for up to 36 months.

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