Economists, now known as Accountants as of 12/09/2008, 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])
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|
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 -270.000 € on your bank account the previous week, you paid 3,33% = 9.000 € in interest expenses.
With 1 economist you can generate 20% = 1.800 € in interest income from this:
interest = [money on account in previous week] * 0,0333 * 0,2
interest = [money on account in previous week] * 0,00666
Bear in mind that if your bank account states -269.000 €, you will only get 1.700 € in interest income, because it will round down to the nearest hundred €! Economist expenses will then be higher than interest income, and it will not be profitable to hire any economists.
2 economists can save between; 28,28%–28,34% ≈ 28,3%, of the paid interest in the previous week:
interest = [money on account in previous week] * 0,0333 * 0,283
interest = [money on account in previous week] * 0,0094239
With the example over you will generate 2.100 € in interest income. Economist expenses will be 3.600 €, so it will not be profitable to hire more than one economist. Here too it will round down to the nearest hundred €uro.
- 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.
- Always remember that firing an economist will cost you 1.800 €.
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 18 weeks you have earned the compensation, in 19 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.
|Minimum balance||Maximum balance||Economists needed||Minimum income||Maximum income|
|0.0 M€||4.8 M€||0||0 €||0 €|
|4.8 M€||11.6 M€||1||0 €||2546 €|
|11.6 M€||15.1 M€||2||2546 €||4409 €|
|15.1 M€||17.9 M€||3||4409 €||6235 €|
|17.9 M€||20.3 M€||4||6235 €||8050 €|
|20.3 M€||22.5 M€||5||8050 €||9859 €|
|22.5 M€||24.4 M€||6||9859 €||11665 €|
|24.4 M€||25.3 M€||7||11665 €||12400 €|
|25.3 M€||27.7 M€||6||12400 €||14200 €|
|27.7 M€||30.9 M€||5||14200 €||16000 €|
|30.9 M€||35.7 M€||4||16000 €||17800 €|
|35.7 M€||43.7 M€||3||17800 €||19600 €|
|43.7 M€||61.9 M€||2||19600 €||21400 €|
|61.9 M€||66.7 M€||1||21400 €||23200 €|