Helping banks in the...ย โขย 1y
Time value of money comes into play here. Home loans are longer term 10, 20 year commitments. At the end of the term will you be paying out the money in lumpsum and at what interest rate? You would have collected at a lower interest rate and returning it without accounting for inflation. Would be interesting to see the formula you derive for this payback at end of term.
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ZeroBizzย โขย 5m
๐กHow Do Banks Really Work? Here's a Simple Visual Guide! ๐ฆ 1๏ธโฃ Banks take deposits from customers at ~4% interest. 2๏ธโฃ They lend that money to borrowers at ~10% interest. ๐ฐ The 6% spread is their profit. ๐ Key Banking Terms You Should Know:
See MoreHey I am on Medialย โขย 11m
We will borrow money from our relatives, around 50,000. Since they are our relatives, they will lend us the money without any interest. Then, we will lend this money further to someone else at interest. The interest we earn will be our profit, and we
See MoreChasing for infinityย โขย 1y
Hi what are your thoughts on Compound interest Let's say if I invest 10000 Rs every month for 40 years at an annual interest of 8% then after 40 years My invested amount = 48 lacs Money I will get = 3.51 cr But will it really be worthy with an a
See MoreContent Writerย โขย 7m
๐ Global Markets Rally as Interest Rate Cuts Loom Markets worldwide saw a sharp rise this week amid growing expectations that major central banks may cut interest rates earlier than expected. The S&P 500 climbed 2.5%, while the Nifty 50 hit a recor
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Lognormalย โขย 8m
How about a platform which connects farmers and citizens. Platform which supports farmers in every step from Sowing to harvesting > selling by providing proper guidance, soil testing, fertilizers, machinery at some fee as debt which can be paid afte
See Moreextraordinary is jus...ย โขย 2m
The rich avoid taxes with a strategy called โBuy, Borrow, Dieโ, by using assets as collateral to borrow money, and write off interest as a tax deduction Step 1: Buy assets (hold to avoid taxes from selling) Step 2: Borrow money at low interest rate
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