How to...
What a Loan with a 171.54% APR Looks Like
Sunday, March 16th, 2008How to calculate APR using Microsoft Excel or a financial calculator.
I recently heard about a loan company that specializes in short-term loans. Here’s a typical example of a loan that this company offers:
Loan Amount: $1,250
Loan Term: 36 bi-weekly payments (72 weeks)
Payment Amount: $91.66
Total Payments: $3,299.76 ($91.66 × 36 = $3,299.76)
Total Interest: $2,049.76 ($3,299.76 – [...]
How The Dow Jones Industrial Average is Calculated
Monday, December 4th, 2006Have you ever wondered HOW the Dow Jones Industrial Average is calculated? Here’s how!
According to the Dow Jones website, the index is calculated as follows:
The Dow Jones averages are unique in that they are price weighted rather than market capitalization weighted. Their component weightings are therefore affected only by changes in the stocks’ prices, [...]
How to Insert Refreshable Stock Quotes Into Excel
Wednesday, November 15th, 2006Warning: this is a really long post!
There’s a cool little tool available for Microsoft Excel users that will allow them to insert refreshable stock quotes into their spreadsheets. Here’s a step-by-step tutorial on how to do it:
10 Ways to Get the Most Pay Out of Your Job
Monday, September 18th, 2006Today’s Wall Street Journal has an extra section called Your Money Matters. The cover story for the section is an article by Perri Capell titled Ten Ways to Get the Most Pay Out of Your Job ($). Here’s some of the highlights from the article:
1) LISTEN TO YOUR BOSS
The best [...]
How to Determine if You Are “Wealthy”
Thursday, September 14th, 2006Have you ever wondered if you were “wealthy?” There is a rule-of-thumb formula used in The Millionaire Next Door for determining whether or not you are wealthy. For those who are interested, their simple formula is:
Multiply your age by your pretax income from all sources (except inheritances).
Divide that number by 10 to arrive at [...]
How to… Personal Finance Edition
Monday, September 11th, 2006Hi and welcome to the “How to…” of Personal Finance. This is a community-wide effort and was arranged as a way to put all the “how to…” posts together in one place so that they are easy to access.
UPDATE: Be sure and bookmark this list and keep coming back because I will [...]