Post by Old Regional Reserve - CTE on Mar 31, 2018 2:51:18 GMT -5
Mortimer Monthly Special Feature
By: @kozmix
The Regional Reserve is proud to announce the following updates in our economic system. Enjoy!
Interest Rising: Bank Officials Discover Regional Calendar
Bank Officials of our forum's bank were not pleased when, last week, United Royal Islands stormed into their office, calendar in hand, demanding they explain why interest on bank deposits were not being paid based on the NS Regional Master Calendar. The bank's official statement was one of silence and some head scratching, but after a bit of haggling, they admitted to using the mysterious and illusionary RL calendar for their interest calculations. And to think they got away with it!
Due to this revelation, the bank has now been ordered to recalculate interests based on the Master Calendar, and the changes amount to a change from 0.0055% per posting day to a whopping 0.1004% per posting day. That is 18.25 times our current interest rate! A full calculation for the same has been given in the spoiler below for the mathematically minded.
In short, save, spend or splurge, we promise returns no matter what you do with your tacos!
{Interest Calculation}
Yield rate = (1 + Rate ) ^ Days Compounded)
OLD
Interest Rate
= 0.0055% * (Principal)
= 0.000055 * (Principal)
For a standard year with 365 days:
(1 + 0.000055) ^ 365 = 1.02027729476
Therefore, rate percentage per annum
= (1.020277 - 1) * 100%
= 2.0277%
NEW
1 RL Month = 1.5 NS Years = 574.5 NS days
Aiming for 0.0055% APR (per NS day):
(1 + 0.000055) ^ 574.5 = 1.03056961323
On a 30 day average month:
(1 + RL day rate) ^ 30 = 1.03056961323
=> RL day rate = (1.03056961323 ^ (1/30)) - 1 = 0.0010042263 = 0.1004%
Yield rate = (1 + Rate ) ^ Days Compounded)
OLD
Interest Rate
= 0.0055% * (Principal)
= 0.000055 * (Principal)
For a standard year with 365 days:
(1 + 0.000055) ^ 365 = 1.02027729476
Therefore, rate percentage per annum
= (1.020277 - 1) * 100%
= 2.0277%
NEW
1 RL Month = 1.5 NS Years = 574.5 NS days
Aiming for 0.0055% APR (per NS day):
(1 + 0.000055) ^ 574.5 = 1.03056961323
On a 30 day average month:
(1 + RL day rate) ^ 30 = 1.03056961323
=> RL day rate = (1.03056961323 ^ (1/30)) - 1 = 0.0010042263 = 0.1004%
Welcome Back, Old Friends!
In the spirit of welcoming our CTE'd members back into the region, the Regional Reserve announces a stipend for returning nations, along with returning their shop purchases and reinstating the monthly payouts. The procedure for reinstating shop accounts is as follows:
1. PM the Regional Reserve that your forum account is now active and nation is now active and in XKI.
2. Just for making sure this happens, the Regional Reserve will send a short "Welcome Back" message, requesting that the nation do the above.
3. Once the request for reinstating shop accounts has been received by the Regional Reserve, the nation will be added back into the "Active Accounts", unlocked for further purchases, and a Welcome Back Stipend of 20,000 shall be sent, to help you get set up again!
This policy shall only affect those nations that had their forum masking changed to "Ceased to Exist", their will (if any) was executed, and if in their absence their taco balance had been reset. These changes come into play within six months (181 days) of their inactivity on the forum. So, returning nations, you can jump right into the fun of XKI once again, leave your taco worries away!