You are viewing a single comment's thread from:

RE: The 52 Weeks Savings Challenge - HBD Style

in LeoFinance • last year (edited)

I like the idea of saving HBD throughout 2024, at least partially.

Regarding the APR, it's true it's paid every 30 days, but you add HBD every week, and the APR applies to a different amount every week. A better way to calculate it would be weekly, after every deposit, in my opinion. Unfortunately, it would come lower than your amount, but 20% is 20%, for whatever time it will still be available.

For example, after week 1, the formula would be:

20 * 1$ / 52 / 100 = apr1

After week 2:

20 * 2$ / 52 / 100 = apr2

and so on.

Every 4 weeks or so you add the sums or the previous 4 aprs, after the interest would be paid.

I hope it makes sense.

last year in LeoFinance by
$0.00
    1 vote
    Reply 4
    Sort:  
  • Trending
    • [-]
     last year  

    Was trying to be more practical and thinking the monthly claiming but yeah that makes sense..maybe if I add week by week it will give a more accurate amount at the end of the year..will try to change and see how it goes..maths are not my forte but helped me push my brain for a bit doing the sheet lol

    Thanks for the feedback :)

    $0.00
      Reply
      [-]
       last year  

      I made a copy and updated it and will probably use it too. Here's the spreadsheet if you want to check out what I changed (mainly the APR calculations and the totals, added the interest every 4 weeks):

      https://docs.google.com/spreadsheets/d/1kusptEP_7cUGO7uI5vka1JaT2nTUB5ebX-zBDm75W2U/edit?usp=sharing

      [-]
       last year  

      Oh that's awesome! Thank you for taking the time to do it!

      I do prefer to have more realistic numbers lol

      I might change it to like separate sheets, one with and without the APR so people can play with it and adapt to other tokens or even FIAT

      !PIZZA

      $0.00
        Reply