Quoted from pinstyle:What bank are you getting 2% every month?...this place is hopeless..., good god...2% APY is above average in a savings account. That was a gift..., S$$t im in the wrong bank..
I'm not sure I get this response. 2% is your figure, and interest is calculated yearly (but typically compounded monthly). You are the one that earlier said:
Quoted from pinstyle:Some things i have thought about though is 2% on $6500 over three years is about $400. Not so much a deal if they dont spit these out soon.
So, you were saying (and please correct me if I'm wrong) that anyone that's had $6500 paid up for 3 years in order to obtain the $1000 preorder discount, has lost $400 (versus sticking it in a bank at 2% interest)... and is thus only really saving $600 versus waiting and ordering later at normal price.
However, I worked it out for you.
If you ordered on January 15th, 2011, and then followed the exact payment schedule as required by Jack at the time, and making your final payment on December 15th, 2011 as stipulated... if such a person only receives their game mid-April 2013, then by spending the $6,500 versus waiting and spending $7,500 on an ECLE later on, they will have earned the equivalent of 8.85% interest on their investment. That does beat a bank.