*****Official Chiefsplanet "I have a random thought" Thread***** - Page 3

**Mr. Flopnuts** · 09:46 PM

Just in case you have some random thought and feel like starting a thread over it, you can just bump this one.

**Buck** · 04-23-2009, 03:30 PM

Flopnuts help me out here.

Lets say you get a loan for $3400

You put $500 down in a down payment, and have 10% compound interest.

You pay $400 a month back on the loan.

What does that 10% compound interest mean?

Whoarethechefs · 04-23-2009, 03:31 PM

Left foot, right foot, left foot, right foot, right foot, left foot, right foot, left foot, right foot, left foot, right foot, left foot, right foot, left foot,

stlchiefs · 04-23-2009, 03:32 PM

Quote:

Originally Posted by MoreLemonPledge

Like this one?

Attachment 86989

That's a bit menacing. Though it may scare the shit right out of you, I prefer soothing colors to set the mood for my poos.

stlchiefs · 04-23-2009, 03:32 PM

Quote:

Originally Posted by MediaCenterJunkie

Flopnuts help me out here.

Lets say you get a loan for $3400

You put $500 down in a down payment, and have 10% compound interest.

You pay $400 a month back on the loan.

What does that 10% compound interest mean?

I WIN!

**Mr. Flopnuts** · 04-23-2009, 03:33 PM

Quote:

Originally Posted by big nasty kcnut

I want to say i need to vent.
Posted via Mobile Device

This is a safe place Nut.

keg in kc · 04-23-2009, 03:33 PM

Quote:

Originally Posted by kysirsoze

Pretty much always a bad idea. Unless Pioli drafts Crabtree on Sat. Then drink up.

Thinking about thinking about drinking makes me nauseus at this point.

I think I posted some on here last night completely lit, but I must not have done anything too crazy.

**Mr. Flopnuts** · 04-23-2009, 03:33 PM

Quote:

Originally Posted by MediaCenterJunkie

Flopnuts help me out here.

Lets say you get a loan for $3400

You put $500 down in a down payment, and have 10% compound interest.

You pay $400 a month back on the loan.

What does that 10% compound interest mean?

The only difference between that and a normal interest loan is, you pay interest on your interest with a compounded interest loan.

chiefs1111 · 04-23-2009, 03:34 PM

i just farted

**Mr. Flopnuts** · 04-23-2009, 03:37 PM

Keep this in mind Buck. In the beginning, your interest is higher because you owe more. You're paying interest on that interest right out of the gate. 10% is good, but that is going to raise it probably by around 3% over that time frame from a more conventional loan. That's a total off the top of my head guesstimate. It could be more, or less. Bottom line, pay that ****er off asap. Your credit is better than that rate.

**Lumpy** · 04-23-2009, 03:37 PM

I want to lock Paris Hilton in my closet. That way, when I have a bad day, I can pull her out, spit on her, punch her in the face, and put her back.

**Buck** · 04-23-2009, 03:37 PM

Quote:

Originally Posted by Mr. Flopnuts

The only difference between that and a normal interest loan is, you pay interest on your interest with a compounded interest loan.

Can you do the math for me?

10% of the $3400 is $340

So Then you owe $3740 total?

I'm trying to help a friend out.

Fritz88 · 04-23-2009, 03:38 PM

sharting is awesome.

**Mr. Flopnuts** · 04-23-2009, 03:39 PM

Quote:

Originally Posted by MediaCenterJunkie

Can you do the math for me?

10% of the $3400 is $340

So Then you owe $3740 total?

I'm trying to help a friend out.

It's not going to be that much. Give me a minute.

**Mr. Flopnuts** · 04-23-2009, 03:41 PM

Quote:

Originally Posted by Mr. Flopnuts

It's not going to be that much. Give me a minute.

$3679.89 over 9 months. Here's a link to a compound interest calculator. You can play with the numbers. Obviously you want to divide that $400 into the total to get the amount of months for payoff.

http://math.about.com/library/blcompoundinterest.htm

teedubya · 04-23-2009, 03:42 PM

I have a HUGE dump brewing. I may trade this dump for the Chiefs 4th round pick. It could be the new starting TE.

04-23-2009, 03:16 PM
Mr. Flopnuts FINALLY! The wait is over. Join Date: Mar 2005 Location: The Future Is Now!!! Casino cash: $19947565	***Official Chiefsplanet "I have a random thought" Thread*** Just in case you have some random thought and feel like starting a thread over it, you can just bump this one. Last edited by Mr. Flopnuts; 07-16-2009 at 09:46 PM..
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04-23-2009, 03:30 PM	#31
Buck Take a Chill Pill Join Date: Nov 2006 Location: South Carolina Casino cash: $7449900	Flopnuts help me out here. Lets say you get a loan for $3400 You put $500 down in a down payment, and have 10% compound interest. You pay $400 a month back on the loan. What does that 10% compound interest mean?
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04-23-2009, 03:31 PM	#32
Whoarethechefs Burger Meister Meister Burger Join Date: Apr 2006 Location: Tucson AZ Casino cash: $9807467	Left foot, right foot, left foot, right foot, right foot, left foot, right foot, left foot, right foot, left foot, right foot, left foot, right foot, left foot,
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04-23-2009, 03:34 PM	#38
chiefs1111 In Search of a Life Join Date: Dec 2004 Location: Parts Unknown Casino cash: $-536834	i just farted
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04-23-2009, 03:38 PM	#42
Fritz88 Custom User Title Join Date: Nov 2008 Casino cash: $8675943	sharting is awesome.
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04-23-2009, 03:42 PM	#45
teedubya Most Valuable Poster Join Date: Oct 2003 Casino cash: $9230002	I have a HUGE dump brewing. I may trade this dump for the Chiefs 4th round pick. It could be the new starting TE.
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