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First of all, I'm probably the most stupid person when it comes to math. Knowing that TAG has many math majors, I would like to ask for help.
Shinsei bank offer time deposits for one year maturity and 2 weeks maturity.
For example 1 million yen
One year maturity return is at 0.025
Thus, it will yield 25,000 per year
For two weeks maturity period, return is at 0.050
Thus, it'll yield 50,000 in two weeks?!!!
Isn't that weird? Or Am I missing something? Anybody care to explain?
Or maybe 0.050 is in percentage thus it'll be 0.00050 in decimal which would yield 500 from 1,000,000 in two weeks (which is more believable)
However, if that is the case then 0.025 of one year maturity period must be in percentage too so it gives 0.00025. Hence 250 from a year? Not very reasonable. So I'm confused.
I know a lot of you guys probably has Shinsei Bank, coz it is dubbed as the most gaijin friendly bank in japan. Have you ever availed this investment offer of shinsei?
Also, I maybe wrong with my assumptions so please correct me.
Which of the two would yield greater returns if we do proper computation? Two-weeks maturity period gives compouding if continuous and One year maturity should definitely have higher returns. But I am still confused. I would appreciate all response.
Please see the YEN deposits.
I have attached the photo of the table of rates.
[Removed Defunct Domain Image Hosting] x2
Shinsei bank offer time deposits for one year maturity and 2 weeks maturity.
For example 1 million yen
One year maturity return is at 0.025
Thus, it will yield 25,000 per year
For two weeks maturity period, return is at 0.050
Thus, it'll yield 50,000 in two weeks?!!!
Isn't that weird? Or Am I missing something? Anybody care to explain?
Or maybe 0.050 is in percentage thus it'll be 0.00050 in decimal which would yield 500 from 1,000,000 in two weeks (which is more believable)
However, if that is the case then 0.025 of one year maturity period must be in percentage too so it gives 0.00025. Hence 250 from a year? Not very reasonable. So I'm confused.
I know a lot of you guys probably has Shinsei Bank, coz it is dubbed as the most gaijin friendly bank in japan. Have you ever availed this investment offer of shinsei?
Also, I maybe wrong with my assumptions so please correct me.
Which of the two would yield greater returns if we do proper computation? Two-weeks maturity period gives compouding if continuous and One year maturity should definitely have higher returns. But I am still confused. I would appreciate all response.
Please see the YEN deposits.
I have attached the photo of the table of rates.
[Removed Defunct Domain Image Hosting] x2
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