The personal finance category includes the usual topics that a certified financial planner would study and then provide advice on (planning, statements, time value of money, education funding, investments, retirement, income tax, etc.
Linked Menu Last Update: March 9, 2024 Time Value of Money (TVM) Calculator Introduction Time Value of Money Equations General Steps for Using Calculator Calculator Tool Introduction Calculator Tool TVM Examples using Calculator Tool Conclusion Appendix 1 – Time Value of Money Governing Equations (for Fixed Rates) Introduction Time Value of Money The Time Value […]
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Menu (linked Index) Last Update: March 7, 2024 Mortgage Calculator Tool Introduction Mortgage Calculator Introduction Mortgage Calculator Example Using the Mortgage Calculator Conclusion Appendix 1 – Some Free On-Line Mortgage Calculators Introduction This article contains a dynamic fixed rate home mortgage calculator that you can run to compute overall costs of owning and paying off
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Menu (linked Index) Last Update: March 5, 2024 Home Mortgage Calculation Primer Introduction Mortgage Basics Mortgage Equations Derived From PVOA Remaining Balance Mortgage Equations Mortgage Financial Tools Conclusion Appendix 1 – Mortgage Equation Derivation Appendix 2 – Mortgage Remaining Balance Equations Derivations Appendix 3 – Microsoft Excel Mortgage Functions Appendix 4 – HP 12c
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Inflation Rates, Real Returns and Nominal Returns Last Update: February 14, 2024 Inflation Let’s derive an equation showing the relationship between Real Returns and Nominal Returns. But first, we need to define what economic inflation means. Inflation is the general increase in price levels. Inflation could be caused by central bank monetary policies like reducing interest rates
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Last Update: February 14, 2024 Introduction The Time Value of Money (TVM) Concept states that money tends to lose its value (purchasing power) over time. TVM concepts are ubiquitous in our world. Financial companies as well as individuals use TVM concepts and methods to make various financial decisions. For example: Deciding which corporate project or
Time Value of Money (TVM) Concepts, Formulas and Functions Read More »
Last Update: July 31, 2023 Menu Introduction Costs Have Skyrocketed Reasons why Costs have Skyrocketed Student Debt On-Line Calculator Description On-Line Calculator 3 Calculator Examples Conclusion Introduction Have you ever wondered about how you are going to pay for college for your kids (or yourself)? How much will it cost? How much will you need
College Costs, Student Debt, and an On-line Education Funding Calculator Read More »
Last Update: April 26, 2023 Menu Introduction Calculator Description Calculator Example 1 : Semi-Monthly Payment Example 2 : Bi-Weekly Payment Conclusion Appendix 1: Simple Excel Automation Example Introduction The 401(k) contribution tool embedded in this post computes the percent 401(k) contributions needed to meet a required end-of-year total. Use the
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Let’s run through a hypothetical US Federal Tax Filing using an Embedded Tax Calculation Tool.
Understanding Your US Federal Taxes Read More »
Last Update: February 23, 2023 Introduction: The Rule of 72 The rule of 72 is a useful way to quickly compute the number of years it will take to double an investment. Rule of 72: Doubling Time in Years = 72/(annual rate of return entered as a %). For example, if the rate of return
Last Update: January 21, 2023 Introduction This post describes key Macro-Economic concepts like inflation and interest rates and how government fiscal and monetary economic policies influence them. The US Government, through its Fiscal and Monetary policies, has an enormous influence over our ever day lives as it attempts to keep the US economy growing and
Macro-Economics and US Government Economic Policies Read More »
