EverIncreasing:
I feel so bad
Na wao oo,nobody wan answer me
Please,help me

EverIncreasing:
I feel so bad
Na wao oo,nobody wan answer me
Please,help me

Partnerbiz:
[b]
If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.

[/b]who told u rate will be 18 in august

dotcomenamename
tony56 ( my man) lol

Partnerbiz:
Alikote sir , lol.


I just wanted to use that illustration to clarify my question sir.

What do you think please?

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

Alikote:
rate might be lower than 13.5 the govt is borrowing around 2.5 bn dolla r from oversea .....max expect ion is 15

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

Alikote:
rate might be lower than 13.5 the govt is borrowing around 2.5 bn dolla r from oversea .....max expect ion is 15

Partnerbiz:


Please can you attempt the question using the scenario strictly.

Please can you attempt the question using the scenario strictly.

Alikote:
u loose part of the interest

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

TONY56:



Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28 since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

Agbaletu:

If he doesn't have up to N99,725. 28 in his account, does it mean he will lose part of his Principal? Most people normally withdraw or reinvest their interest and leave nothing or small coins in their account.

TONY56:


Sure. It will be deducted from his principal amount and that doesn't mean that he has lost part of his principal since he was paid N120,000 upfront.

It's still part of his upfront interest that is being lost as long as it's not up to the N120,000 he collected earlier

TONY56:



Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28 since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

TONY56:



Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28[i][/i] since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

TONY56:



Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28 since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

TONY56:



Assuming there's no penal charges like that of Union Bank, the answer to your question is that you are very likely to lose substantial part of the upfront interest paid to you.

Assuming you bought N1,000,000 TB on 1st Jan at 12% for 364days, your upfront interest before the usual deductions is N120,000.

Also, assuming you terminate on 30th August, the actual interest you will be entitled to for the 243days= 243/364 × N120,000 = N80,109.89.

That means you are to refund N39,890.11 as excess interest received.

Now, the 1m is now to be sold at 18% for the remaining 121days>> the upfront interest payable to the new buyer is 121/364 × N1,000,000 x 18/100 = N59,835.17. That amount (N59,835.17) will equally be charged on you i.e your total refund or deduction from your 1m is now N99,725.28 since you have been paid N120,000 upfront. This is the amount you would lose excluding other normal charges which are very unlikely to be up to the N20,274.72 left out of the N120,000 you received as upfront interest.

So, in a nut shell, you will be losing almost but not all the upfront interest you collected without affecting your principal (assuming there is no penal charge of 25% as it's charged by Union Bank). Otherwise, the penal charge will eat into your Principal amount

boldndbeautiful:
good morning fam, pls does anybody know today's rate?

Investnow2017:


I told you; Oga TONY56 is a fantastic lecturer.

ositadima1:


I wonder why people insist interest is upfront.

ositadima1:


I wonder why people insist interest is upfront.

freeman67:


Pple insist interest is upfront because unlike fixed deposit and other forms of investment where interest are paid at interval or at expiration, your TB interest is paid to you immediately your bid is accepted except if you request for it to be invested with the principal. You will only get your complete principal at the expiration of the agreed tenure of investment.

hiscules:
Well done Sir. What if I bought in the secondary market? Can I terminate my investment too??

Is it the same scenario illustrated above that applies. If not ,can you throw some light on how terminating in the secondary market works.

Thanks