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A low blow to the wallet

 
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Bushface
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Joined: 12 Sep 2012
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Location: Torquay, U.K.

PostPosted: Thu Nov 08, 2012 12:10 am    Post subject: A low blow to the wallet Reply with quote

I have just moved up to "advanced" level, starting in Jan.80 and in May of that year bought a ship using $1,487.000 mortgage. In August I was horrified to get a mortgage-cost charge of $297,400, which is a rate of 20% in 3 months and means that mortgaging is NOT a viable method of raising cash.
Can this possibly be right ? Is it worth continuing with the game ?
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rdklein
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PostPosted: Sat Dec 08, 2012 8:17 am    Post subject: Reply with quote

usually mortgage should be raised only once a year, I will take a look at this part.
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Christian Todt
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PostPosted: Sat Dec 08, 2012 8:40 am    Post subject: Reply with quote

I am not sure.
My experience is, that mortgage is due in each quarter (or do I mistake it for credit rates?).
However the quarterly due sums were always (yearly interest/4)

best regards from Suzhou,
Christian
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rdklein
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PostPosted: Sat Dec 08, 2012 8:41 pm    Post subject: Reply with quote

long time ago I did this part .
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