Accountant: Difference between revisions
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→Debit Interest (negative balance): My balance was -193.117 €, and it gave me 6.430,8 € in interest expenses. So the new debit rent is 3,33 %. |
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==Debit Interest (negative balance)== | ==Debit Interest (negative balance)== | ||
If you had -225.000 on your bank account the previous week, you paid 3,33 % = 7.500 € in interest expenses. | |||
<span style="color:#3A5FCD">interest = [money on account in previous week] * 0, | With 1 economist you can generate 20 % = 1.500 € in profit from this: | ||
<span style="color:#3A5FCD">interest = [money on account in previous week] * 0,0333 * 0,2</span> | |||
or | or | ||
<span style="color:#3A5FCD">interest = [money on account in previous week] * 0, | <span style="color:#3A5FCD">interest = [money on account in previous week] * 0,0667</span> | ||
2 economists can save 30% of the paid interest in the previous week: | 2 economists can save ~30% of the paid interest in the previous week: | ||
<span style="color:#3A5FCD">interest = [money on account in previous week] * 0, | <span style="color:#3A5FCD">interest = [money on account in previous week] * 0,0333 * 0,3</span> | ||
or | or | ||
<span style="color:#3A5FCD">interest = [money on account in previous week] * 0, | <span style="color:#3A5FCD">interest = [money on account in previous week] * 0,1</span> | ||
If you make it out of the negative balance with the next update, remember to fire the economist(s) ''after'' this update, as they have already given you a profit. | |||
==Interest Table== | ==Interest Table== | ||
Revision as of 22:52, 14 January 2008
Economists are responsible for your bank account and can get you profits from assets and debts. The result of their work shows with the financial update in your country. You have to calculate the interest with two different formulas, depending on whether you have a negative or positive balance.
Credit Interest (positive balance)
For a positive balance, the interest rate is calculated like this (as of 22/07/2007):
interest rate = 0.0375% * SQRT([amount of economists])
hence
interest = 100 * FLOOR(0.000375 * SQRT([amount of economists]) * [money on account] / 100)
That gives the following interest rates for numbers of economists:
| economists | interest rate in percent |
|---|---|
| 0 | 0 |
| 1 | 0.0375 |
| 2 | 0.0525 |
| 3 | 0.065 |
| 4 | 0.075 |
| 5 | 0.08375 |
| 6 | 0.09125 |
| 7 | 0.09875 |
| 8 | 0.10625 |
| 9 | 0.1125 |
| 10 | 0.11875 |
It is important to note that interest is always rounded (down) to the next full 100 value, hence the floor function and division and multiplication by 100 in the formula.
The maximum interest is 25,000 €
Debit Interest (negative balance)
If you had -225.000 on your bank account the previous week, you paid 3,33 % = 7.500 € in interest expenses.
With 1 economist you can generate 20 % = 1.500 € in profit from this:
interest = [money on account in previous week] * 0,0333 * 0,2
or
interest = [money on account in previous week] * 0,0667
2 economists can save ~30% of the paid interest in the previous week:
interest = [money on account in previous week] * 0,0333 * 0,3
or
interest = [money on account in previous week] * 0,1
If you make it out of the negative balance with the next update, remember to fire the economist(s) after this update, as they have already given you a profit.
Interest Table
The table below shows how many economists you should hire to optimize profit. Keep in mind the compensation you have to pay them when you fire them.
Hence, you make 100 € profit each week after costs for the economist, so in 15 weeks you have earned the compensation, in 16 weeks you make the first profit. In other words, economists are good if you save money longer term. Economists can be a waste of money if you maintain your balance only for a short time.
| economists needed | Minimum balance | Maximum balance | Note |
|---|---|---|---|
| 1 | 4 M€ | 10 M€ | |
| 2 | 10 M€ | 13 M€ | |
| 3 | 13 M€ | 15 M€ | |
| 4 | 15 M€ | 17 M€ | |
| 5 | 17 M€ | 19 M€ | |
| 6 | 19 M€ | 21 M€ | |
| 7 | 21 M€ | 22 M€ | |
| 8 | 22 M€ | 24 M€ | |
| 7 | 24 M€ | 26 M€ | at this point, you'll need fewer economists |
| 6 | 26 M€ | 29 M€ | |
| 5 | 29 M€ | 32 M€ | |
| 4 | 32 M€ | 37 M€ | |
| 3 | 37 M€ | 45 M€ | |
| 2 | 45 M€ | 63 M€ | |
| 1 | 63 M€ | - | maximum interest reached at 67 M€ (23500 € per week so 25000 - 1500 (salary)) |
