Started by Andraya [1971219] on in API Development.
Posts archived: 4 / 4 posts (100%) · the total is Torn's reply count + the opening post at the last fetch
Counted by TornLife from the archived posts.
The torn/bank api returns the below. I'm lead to believe from my searching on google that it's returning an ROI value. But I have not been able to figure out how to convert this figure into a usable number to calculate how much interest is being derived for each investment term. Anyone able to shed any light?
"bank": {
"1w": 39.41,
"2w": 46.25,
"1m": 49.59,
"2m": 50.14,
"3m": 54.21
}
This seems to be v1, looking at the unofficial documentation confirms it is ROI. Looking at the numbers, it is clearly not directly ROI, but instead ROI @ 365 days, i.e. the annual interest. To convert that, simply divide it by the time period fraction.
Note that this will not include merits or TCI perk.
It's the APR as shown on the banking page. (please note that I have the 50% bonus from the merits, which maps exactly to the figures from the api).
Converting from the 81.32% APR to the 20.05% rate can be done by using a simple formula: RATE = (APR / 365) * DAYS
1 month are 30 days (2mo = 60 / 3mo = 90), regardless of the time of year.
Thank you. You were both a fantastic help. The missing piece of the puzzle was that the API is not factoring in the merit buffs and its been so long since I played with my merits I forgot that bonus existed.