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 Tuesday, May 21, 2024
 Articles about "Math and Money" <11 to 20 out of 60 articles>
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 Household Math™: Average rate of return by Scott Bilker You haven't touched the money in your investment account for the past three years. The effective annual rate of return (how much the amount has changed over the entire year) has varied from year to year. The returns were: 7 percent gain in the first year, one percent gain in the second, and a 7.47 percent loss in the third. What is your average effective annual rate of return over that three-year period?
 Using online credit card calculators as a personal finance tool by Curtis Arnold The Web has greatly enhanced the availability of helpful resources pertaining to personal finance. Online financial calculators are a perfect example of how the Web is aiding consumers in making wise choices about credit. Online calculators are becoming increasingly popular financial tools and, while calculators are quite "user-friendly", there are some tips that consumers should consider when using calculators.
 How Do You Get that Loan Formula? by Scott Bilker Scott, I read with interest your article, Amortized Loans. At the end of the article you indicate the explanation of how to derive the formulae as being covered in another article. Can you please tell me where I can find this? Thank you very much, Luke
 Household Math™: Mortgage Math by Scott Bilker The interest rate on my mortgage is 7% APR with monthly payments of \$623.00. The balance this morning is \$59,200.00. My payment of \$623 will arrive this afternoon and be credited to my account today. What will the balance be on the mortgage next month immediately after the monthly payment is applied to the balance?
 Household Math™: Fast Mortgage Payoff by Scott Bilker Dear Scott, My question is, I want to pay my \$138,000, 5.125% APR, 15-year mortgage, off early. We just refinanced. My first payment is July 7th. We plan on making one extra mortgage payment a year but I would like to add an extra \$100.00 monthly to principal only. By doing these two extras, how early will I pay my mortgage off?--Leah
 Household Math™: What does Jenna owe? by Scott Bilker Jennafer read Scott Bilker's, Talk Your Way Out of Credit Card Debt and called her credit-card bank in the hopes of reducing her interest rate. Armed with the techniques from the book she was successful at reducing her rate by 5 percent to 9.9 percent! After doing the math she calculated that she would pay the debt back one year faster and save a total of \$3,012! How much does she owe the bank--what is her balance now?
 Household Math™: Debt Snowball (Myth or Magic): Paying Back Lower-Balance Cards First by Scott Bilker David Sheepsley has two credit cards with balances. Card A has a balance of \$8,000 at 19.8% and minimum payments of \$160 per month. Card B has a balance of \$6,000 at 5.9% with minimum payments of \$120 per month. David has a total of \$400 per month to use for repaying his credit cards. What's the better plan for David?
 Household Math™: Holiday Spending by Scott Bilker Kim has decided to spend an average of \$16 for gifts on each of her eight friends for the holidays. So far she's spent \$17 on Scott, \$14 on Ralph, \$12 on Linda, \$22 on Pete, \$11 on Gary, and \$20 on Grady. How much can she spend, on average, on her remaining two friends Mark and Tom?
 Household Math™: Minimum Payments by Scott Bilker Mary has a balance on her credit cards of \$10,000.00. The interest rate on that debt is 9.99% APR. Her bank has a minimum payment policy of 2% of the balance or \$15 (whichever is greater). If Mary makes minimum payments to this credit card how long will it take her to repay the debt entirely?
 Household Math™: Punch Me for Gas by Scott Bilker Out of the three gas stations in as many blocks, the middle price ranged gas station offers a punch card. For every two gallons of gas purchased, you earn one punch on the card. When you reach 100 punches, you are entitled to your choice from a variety of free goods from their store including...
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