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Private Loan (Singapore only)
If you can earn 7% per annum (non- compounding) of your SGD$50,000, will you take the deal?
Banks give 5% per annum for fixed
deposit, I give you 7% per annum if you can loan me the amount.
My proposal :
I loan from you $50,000, interest 7% per annum so 7% of $50000 is $3500.
7% divided by 12 months will be 0.583% per month.
0.583% of $50000 = $292 (round off)
I will pay you minimum $700 + the 0.583%
interest monthly and that will be
$700+$292 = $992
So the first year I will returned you
$8400 + $3500(interest), actual return is $8400.
$50,000 - $8400 = $41600
Proceed to second year, interest 7% per annum (non- compounding) of $41000 is $2880.
7% divided by 12 months will be 0.583% per month.
0.583% of $41000 = $240 (round off)
I will pay you minimum $700 + the 0.583%
interest monthly and that will be
$700+$240 = $940
So the second year I will returned you
$8400 + $2880(interest), actual return is $8400.
$41000 - $8400 = $32600
Proceed to third year, interest 7% per annum (non- compounding) of $32600 is $2280.
7% divided by 12 months will be 0.583% per month.
0.583% of $32600 = $190 (round off)
I will pay you minimum $700 + the 0.583%
interest monthly and that will be
$700+$190 = $890
So the third year I will returned you
$8400 + $2280(interest), actual return is $8400.
$32600 - $8400 = $24200
Proceed to Fourth year, interest 7% per annum (non- compounding) of $24200 is $1704.
7% divided by 12 months will be 0.583% per month.
0.583% of $24200 = $142 (round off)
I will pay you minimum $700 + the 0.583%
interest monthly and that will be
$700+$142 = $842
So the third year I will returned you
$8400 + $1704(interest), actual return is $8400.
$24200 - $8400 = $15800
Proceed to Fifth year, interest 7% per annum (non- compounding) of $15800 is $1104.
7% divided by 12 months will be 0.583% per month.
0.583% of $15800 = $92 (round off)
I will pay you minimum $700 + the 0.583%
interest monthly and that will be
$700+$92 = $792
So the third year I will returned you
$8400 + $1104(interest), actual return is $8400.
$15800 - $8400 = $7400
Proceed to Sixth year (last), interest 7% per annum (non- compounding) of $7400 is $516.
7% divided by 12 months will be 0.583% per month.
0.583% of $7400 = $43 (round off)
I will pay you minimum $620 + the 0.583%
interest monthly and that will be
$620+$43 = $663
So the third year I will returned you
$7400 + $516(interest), actual return is $7400.
$7400 - $7400 = $0 All paid.
YOUR EARNING IN 6 YEARS = SGD$11984!
Is a good Deal! Everything will be settle in black and white, with my identity, address, everything you need you know, guarantee pay back.
If you are interested in this deal, drop me an email. First come first serve.
Contact me, Alvin at loan_earn@hotmail.com