Threadkiller Mk XI

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I just hate the thread ressurections and spam that goes along with activity competitions, but overall it's good for the forum and community as a whole. I'll just keep to constructive spamming and subtle trolling to keep things churning.
 
Wyvern said:
Johan has just got his first job and is offered a retirement annuity which requires him to pay R2 000 each month. Interest will be compounded monthly at an annual rate of 6%. How much money would Johan have if he retires 40 years from today?
1. R246 857
2. R309 524
3. R3 714 287
4. R3 982 982
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DieGrootHammer said:
If I'm not mistaken, the correct answer will be 1?
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Wyvern said:
Yes just as you explained it to me :P
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Ahm, why 1?
According to me it it's 4. O.o
 
PsychoFish said:
I just hate the thread ressurections and spam that goes along with activity competitions, but overall it's good for the forum and community as a whole. I'll just keep to constructive spamming and subtle trolling to keep things churning.
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Yeah it's bound to happen. It is annoying though but gotta just accept it and hope the good ones stay.
 
If they squelch, it was too much hugging :D

Regarding the retirement question, R2000 per month, so R24 000 per year. So over 40 years he saved R960k without interest.

However 6% interest means he is below inflation so he is losing money every year.

The sad thing is that if he only get R246k out after 40 years, he should be firing his fund manager :P
 
Going down that road again where I WILL start hating people again. After that, there's no more being nice.

Morning all.
 
Morning all, what a good start to the day, people in the taxi gave me exact change for once :D (was in front so had to count the monies)
 
Blazzok said:
Wyvern said:
Johan has just got his first job and is offered a retirement annuity which requires him to pay R2 000 each month. Interest will be compounded monthly at an annual rate of 6%. How much money would Johan have if he retires 40 years from today?
1. R246 857
2. R309 524
3. R3 714 287
4. R3 982 982
Click to expand...

DieGrootHammer said:
If I'm not mistaken, the correct answer will be 1?
Click to expand...

Wyvern said:
Yes just as you explained it to me :P
Click to expand...

Ahm, why 1?
According to me it it's 4. O.o
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I got 4 also
 
Crap start to my day. Made a website live last night after agreeing with client yesterday. Turns out some of client's partners are pissed now because the necessary agreements aren't in place yet. Thing is, we need to get sign-ups on the site asap, because we get a % of the revenue...
 
@ FO - As long as you have written approval that they wanted to go live, then it doesn't matter. Internal politics is their baby, don't get involved.
 
BeoTeK said:
I feel ashamed to call myself South African because of this, I have never taken a taxi.
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I've been in a really scary one, part of the floor panel was missing. Was an interesting experience.

Good morning everyone.
 
czc said:
I've been in a really scary one, part of the floor panel was missing. Was an interesting experience.

Good morning everyone.
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See this is why I haven't been in one yet :P The outside may look ok'ish but you never know what really happens with the upkeep of the vehicle.
 
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