How do bonds work in simcity 2000? (Special Edition)

[simcityer77 0]

I started the city with the hard option with a 10K bond with a 3% interest rate in 1900.Tell me, is it per payment the 3% is added to EACH payment or is it 3% for the bond total. Or, is the 300 a payment with interest already?

When will this bond be totally paid off? I'm in 1988 and STILL paying $300 dollars each year!

 

 

I tried cheating and added a million dollars to my budget with the imacheat code. If I click repay bond, I will repay the bond and it will be done. But, I don't want to cheat. The loan should be $10,300 total with interest, correct? So, it should take only 35 years to pay off.

$300 is the interest payment, but I pay it every year, ad infinitum, it never ends. What exactly am I paying for 300 a year if it's not a loan payment? Why does only paying it in full work? even if the interest was every month, 3% of 300 is 330, it should be far payed off in 1988.

[emiliohk 1]

The year payment is only for the 3 % interest.

10,000 * 0.03 = 300 per year

300/12 = 25 per month

 

To stop paying interest you must repay the 10,000 principal.

 

also I recommend always check the current rate, sometimes you are paying 6 or 7 % and there are lower rates available so you could issue a new bond to repay the more expensive one and diminish interest payments and freeing some budget cash