[FIXED]Clever bankers...

[Sarchez]

I took out a loan to test:
$ 276.923, 17% interest, 72 terms.
Monthly payment: $ 27.118.
72*27.118= $1.952.496.
That's already expensive enough, but it seems the 17% is added each month...
(Regardless of how i calculate it, I can't get to the same figure as the game)
After 1 month, the loan is $325.027 (grown by $48.104)
17% off 276.923 = 47.077. (and there's supposedly a payment of 27.118 happened as well.)
If the 17% is added monthly, and the payment is 27.118.....when you reach month 72, your loan is : $ 9.529.655.783. (and you've made monthly payments of $ 1.952.496)

I know they're greedy, so it might not be far off - but still....

[Arakash]

I took out a loan to test:
$ 276.923, 17% interest, 72 terms.
Monthly payment: $ 27.118.
72*27.118= $1.952.496.
That's already expensive enough, but it seems the 17% is added each month...
(Regardless of how i calculate it, I can't get to the same figure as the game)
After 1 month, the loan is $325.027 (grown by $48.104)
17% off 276.923 = 47.077. (and there's supposedly a payment of 27.118 happened as well.)
If the 17% is added monthly, and the payment is 27.118.....when you reach month 72, your loan is : $ 9.529.655.783. (and you've made monthly payments of $ 1.952.496)

I know they're greedy, so it might not be far off - but still....

I can confirm this.
I was taking Screenshots of it as it was happening in a recent game. (i believe loans were bugged in the previous version so i keep an eye on these things
I was attempting to repay a loan id taken in the early game, probably 400-500k originally, but even though by late 1901 i was throwing in 100-300k per turn, it wasnt going down at all.
At 11/1/1901 it was at 16mil
By 4/1/1902 it is at 40mil
If this is WAD, it makes Loans a really unattractive option
Perhaps i just loaned out too much? but i dont think ive ever run into such harsh loans in any game.

Here is an earlier fixed bug(dont post in fixed bug threads) which may/may not be related to this one. Link
That post suggests that my current interest rate, 20%, is one of the worst, indicative of a really risky loan to unsuccessful company, but all ive really done is spend most of my startup money.
As you would expect, i spent money designing vehicles and building factories, but since ive started producing, Ive been regularly making 100k profit per month for 6months.

[Eric.B]

I've fixed both the interests and the monthly calculations.

Minor issues with the city interest is what threw the equations awry.

[Sarchez]

Nice, now I just need you too call my bankers, and explain to them why their equation is wrong