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Author Topic: Bank Loan?  (Read 1105 times)

Offline MarkKamyk

  • Members
  • Posts: 3
Bank Loan?
« on: November 15, 2010, 05:42:22 PM »
Do we start with
4,700,000 that is 2,700,000 plus a 2,000,000 loan?
or
700,000 plus 2,000,000 for 2,700,000?

Offline RushmoreAir

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  • Posts: 887
Re: Bank Loan?
« Reply #1 on: November 15, 2010, 05:46:21 PM »
Do we start with
4,700,000 that is 2,700,000 plus a 2,000,000 loan?
or
700,000 plus 2,000,000 for 2,700,000?


The latter.  We start with $2.7mil of which $2mil is a loan.

Offline MarkKamyk

  • Members
  • Posts: 3
Re: Bank Loan?
« Reply #2 on: November 15, 2010, 05:54:44 PM »
Yea I was afraid of that  :'(

Offline RushmoreAir

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  • Posts: 887
Re: Bank Loan?
« Reply #3 on: November 15, 2010, 06:49:34 PM »
Don't worry, though.  You have a long time to pay it off.  And by the time you do pay it off, the loan will either be pennies to you or you will have already gone bankrupt.  :)

Jps

  • Former member
Re: Bank Loan?
« Reply #4 on: November 15, 2010, 07:14:08 PM »
Also, the loan usually (at least in MT3) has a very low margin, so you might want to take out new loans to get new airplanes rather than pay out the initial loan.

 

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