Torn City Investment Bank

At Level 5 you can begin using the bank (City / Bank). Investments are for 1 week, 2 weeks, 1 month, 2 months and 3 monthss.
Monthly yield (without upgrades):

Investment period

Interest

Compounded interest

1 week

1.4%

106.05%

2 weeks

3.6%

150,82%

1 month

8.7%

172,11%

2 months

22.7%

241,25%

3 months

37.1%

253,31%

Compounded interest

The figure "compounded interest" indicates the profit you would make a year on your initial investment if you would continuously re-invest your initial amount plus any profits made. So, if you invest $100 for 52 one-week periods, you will end up with $ 206,05. The same $ 100 invested for twelve months would walk away with $ 272,11

The interest can be increased by merits. Each merit increases the interest by:

Investment period

Interest

1 week

+0.1%

2 weeks

+0.3%

1 month

+0.9%

2 months

+2.2%

3 months

3.7%

As you can see from the compounded rates, it pays to invest longer. However, if you make a lot of money, it may be worth it to take the shorter times, and keep depositing your earnings. That is a calculation you have to make for yourself.

You can also click here for a full interest table supplied to Torn City Complete by a resident who wishes to remain unnamed.

Comments

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keshav - Compound interest

|196.20.235.xxx |2008-11-23 16:13:23

but there is no compound interest on torn city. lol

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Wollongong[12833]

|SAdministrator |2009-05-26 17:17:46

Uhm...
when you put money in the bank for a week, and then for another week
(with the interest of the first week), you are already compounding
interest....

so yes, there IS compounded interest.

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sancho - interest table (compounded with income deposits)

|67.177.216.xxx |2009-07-29 02:00:59

here's a copy of what i posted on the tc forums. feel free to take it and
use/move it as you wish. remember that there might be minor errors
(very minor, i was pretty thorough) but it shouldn't matter much, with
the types of numbers you're looking at.

ok..i finally got some
work done...I'm going to try to post this so it's understandable.
basically, wht i found out is that 2 week deposits are going to be the best
way to go until you get to around a billion dollar balance, then
switch to 2 month. if you make quite a bit of income (net of course,
factoring in housing upkeep and donator costs) then 2 week deposits are
still a good option until you get a higher balance. i didn't figure it
out that high up, but would guess somewhere between 1.5 and 2 billion. of
course after 2 billion (max deposit) 2 month deposits are going to be
the best, sin...

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