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Bank Interest Merits from 0-10 on April 16, 2016

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    • tos [1976582]
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    Thread created on 04:22:34 - 18/04/16 (10 years ago)
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    Last replied 20:37:06 - 30/04/17 (9 years ago)
    I upgraded my bank interest merits from 0-10 on April 16, 2016 and checked the interest rate between each merit upgrade. The results:


    Merits1w2w1m2m3m
    00.44%1.01%2.20%4.84%7.04%
    10.54%1.24%2.70%5.94%8.64%
    20.64%1.47%3.20%7.04%10.24%
    30.74%1.70%3.70%8.14%11.84%
    40.84%1.93%4.20%9.24%13.44%
    50.94%2.16%4.70%10.34%15.04%
    61.04%2.39%5.20%11.44%16.64%
    71.14%2.62%5.70%12.54%18.24%
    81.24%2.85%6.20%13.64%19.84%
    91.34%3.08%6.70%14.74%21.44%
    101.44%3.31%7.20%15.84%23.04%




    EDIT: Thank you HandsomePants [1897243] for the formula.
    New Rate = Base Rate + (# merits * 10/44 * Base Rate)

    EDIT: Thank you L4Suicide for an updated formula for merits, 0.1% increase per merit in the weekly interest rate, 0.23% 2 weeks, 0.5% monthly, 1.1% 2monthly, 1.6% for 3 monthly
    Last edited by tos on 17:21:07 - 22/12/16 (9 years ago)
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    • Sasha_LT [1984915]
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    Posted on 06:03:35 - 18/04/16 (10 years ago)
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    Very nice job! :)

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    • HandsomePants [1897243]
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    Posted on 15:44:33 - 18/04/16 (10 years ago)
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    Then a little math tells us that each merit put into Banking INCREASES the effective interest rate by (Base Rate * 10/44), and so the formula for new rate after merits is:

    New Rate = Base Rate + (# merits * 10/44 * Base Rate)

    e.g. 6 merits for 2 months at base 4.84% is 4.84 + (6 * 10/44 * 4.84) = 11.44%
    Last edited by HandsomePants on 12:43:55 - 19/04/16 (10 years ago)
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    • Kitterion [1930315]
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    Posted on 21:50:10 - 18/04/16 (10 years ago)
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    Why not include into the equation stock benefits?
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    • tos [1976582]
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    Posted on 23:02:05 - 18/04/16 (10 years ago)
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    CapedBaldey [1930315] unfortunately I don't have stock benefits. If someone wants to send me a block I'd be happy to ;P
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    • Ice_Box [1860527]
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    Posted on 08:52:12 - 19/04/16 (10 years ago)
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    Kitterion [1930315]

    Why not include into the equation stock benefits?
    title says "Bank Interest Merits" not stock.
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    • HandsomePants [1897243]
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    Posted on 12:48:21 - 19/04/16 (10 years ago)
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    Kitterion [1930315]

    Why not include into the equation stock benefits?
    Owning TCB block increases each rate by 10%. mywo explained it well here:

    "My understanding is it is 10% of the interest. So whatever you are getting with your merits in banking * .10.

    So I'm currently getting 15.94% so the block would of given me 1.594% extra. So an extra 30.8m every 60 days. Thats an extra 184m a year. Being the block costs about 931m it would take 5.06 years to pay back. With the current decline of interest rates it only seems its going to get worse."
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    • The_Boss [1497907]
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    Posted on 04:47:18 - 20/04/16 (10 years ago)
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    very nice post!

    Semper Fidelis / Seize Sector 7 Alliance

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    • Wolverine [1971836]
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    Posted on 07:38:27 - 20/04/16 (10 years ago)
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    thanks for the information
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    • Xiphias [187717]
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    Posted on 09:55:01 - 20/04/16 (10 years ago)
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    Very informative. Thanks.
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    • AAW [1525734]
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    Posted on 15:35:07 - 20/04/16 (10 years ago)
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    Base rate for me shown for me in the bank is 24.64%?

    so 7.2% is 7.2 + (10 * 10/44 * 7.2) = 28.14%

    but this is showing me 28.14%??
    GET YOUR CUSTOM BUILT APPLICATIONS BELOW
    https://www.torn.com/forums.php#/p=threads&f=67&t=16118193&b=0&a=0
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    • tos [1976582]
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    Posted on 15:53:23 - 20/04/16 (10 years ago)
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    AAW [1525734]

    Base rate for me shown for me in the bank is 24.64%? so 7.2% is 7.2 + (10 * 10/44 * 7.2) = 28.14% but this is showing me 28.14%??
    Not sure exactly what the 24.64% "base rate" value is. It remained unchanged through all of the merit upgrades. The base rate that we are referring to here is the rate with no merits for that investment period (the 0 row in the table).
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    • Auggie [924001]
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    Posted on 19:35:22 - 26/05/16 (10 years ago)
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    R+, nice to see. be good if someone can give stock details as well
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    • L4suicide [15699]
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    Posted on 22:47:33 - 25/11/16 (9 years ago)
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    AAW [1525734]

    Base rate for me shown for me in the bank is 24.64%? so 7.2% is 7.2 + (10 * 10/44 * 7.2) = 28.14% but this is showing me 28.14%??

    tos [1976582]

    Not sure exactly what the 24.64% "base rate" value is. It remained unchanged through all of the merit upgrades. The base rate that we are referring to here is the rate with no merits for that investment period (the 0 row in the table).
    The base rate appears to be the rate you would achieve if you did weekly investments for the year (compounded)

    Also note the formula you have is unlikely to work now the "Torn" base rate has changed.

    0.1% increase per merit in the weekly interest rate, 0.23% 2 weeks, 0.5% monthly, 1.1% 2monthly, 2.6% for 3 monthly

    I suspect if someone got the same data now these values of increase wouldn't change, only the ratio (10:44) would.
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    • tos [1976582]
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    Posted on 17:50:32 - 27/11/16 (9 years ago)
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    L4suicide [15699]

    The base rate appears to be the rate you would achieve if you did weekly investments for the year (compounded) Also note the formula you have is unlikely to work now the "Torn" base rate has changed. 0.1% increase per merit in the weekly interest rate, 0.23% 2 weeks, 0.5% monthly, 1.1% 2monthly, 2.6% for 3 monthly I suspect if someone got the same data now these values of increase wouldn't change, only the ratio (10:44) would.
    Thank you L4 this is correct, with the old formula the ratio has now shifted to (5:19) but what you posted still works:

    0.1% increase per merit in the weekly interest rate, 0.23% 2 weeks, 0.5% monthly, 1.1% 2monthly, 2.6% for 3 monthly
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    • dimmu [723587]
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    Posted on 01:14:37 - 02/12/16 (9 years ago)
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    tos please i have a question
    23.04% means that 100m makes 23 in three months
    i dont understand why even bother
    i think bank is totally worthless
    plz i would appreciate your opinion
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    • Moguai [423015]
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    Posted on 20:37:06 - 30/04/17 (9 years ago)
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    An additional column for TCB BB effects would be cool!
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