Spandangle
Still Fresh
- Joined
- Aug 31, 2009
- Messages
- 11
EDIT:
Major miscalculation!
Major miscalculation!
But interest rates have gone really crappy in many banks due to the economy crash... I think your estimations are a little high there.bwg2021 said:A message for the first preorder-ers
If you would have put the money into an account even an account with simple interest you would have made a good bit in return
In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$ if the interest was just a bit higher say
7% i would have made 322.98$ my earnings combined with the money i made i could buy two pandora units!
(again this is would only apply to those who preordered in the begining or a year ago(or close to a year ago))
bwg2021 said:In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$
How exactly do you make $184 off an initial investment of $384 with just 4% interest????bwg2021 said:A message for the first preorder-ers
If you would have put the money into an account even an account with simple interest you would have made a good bit in return
In my case i laid down 384.5$ for my pandora and accessories in an account earning a measly 4% I would have made 184.56$ if the interest was just a bit higher say
7% i would have made 322.98$ my earnings combined with the money i made i could buy two pandora units!
(again this is would only apply to those who preordered in the begining or a year ago(or close to a year ago))
$330 invested at 4%, compounded DAILY is still only $13.47 interest. Compounded monthly, it's $13.44. Every other month, $13.42. Every six months, $13.33. And only once, $13.20.bwg2021 said:whoops!
compounded the interest monthly