Personal Finance Questions and Answers

Has anyone used one of these advertise Payday Cash Advanced businesses?

I need to retribution some bills because of a family emergency. I be thinking of using a payday cash advanced place. I would know how to pay it posterior within 2 weeks. Is it reliable and is it graceful? Can they be trusted with personal information?


Answers: ummmm... Maybe??
They are pretty straightforward and reliable. However, they charge a certain percent of the money you are getting a loan for. Like if you capture a $250.00 loan, you pay close to $300.00 back. And you enjoy to have a checking portrayal.

Just don't get into a mannerism of doing it often. It is better to seize it out as soon as possible, so that you don't end up losing more money.
You are playing next to fire dealing with a Payday place. Their interest is out of verbs.

Excel formula?

Does anyone know excel formula to calculate the later life amount if a particular sum is invested every month for a trustworthy period on guaranteed rate of interest e.g if a sum of 100 invested every month in a dune recurring deposit organization on 9% for 24months what will be the maturity amount after 24 months. Please record sum, rate of interest and period can diverge also


Answers: The formula depends on whether interest compounds monthly or yearly.
For annual compounding using your example you would own
P = 100 * 1.09 * 1.09
If s1 is your initial sum, i the interest rate (not the percentage) and n the number of years the general formula is
P = s1 * (1 + i) to the power n
The difference for monthly compounding is that you would divide the annual percentage rate (.09) by 12 to draw from a monthly rate so your example would give
P = 100 * (1 + .09/12) to the power 24

For excel you would put the parameter into cells
eg A1 = initial sum
B1 = rate per compounding interval
C1 = number of compounding periods
Then your formula become
=A1 * (1 + B1) * C1
I'm not sure of the syntax for raising something to the nth power contained by Excel. You might have to look that up.
Use the FV() function. The amount that you deposit monthly is the PMT argument. Please see my tutorial on the Excel financial functions within the sources list. In selective, the second page covers annuities, which is what you are asking about.

Tim
http://www.tvmcalcs.com/blog/

What is the best course for earn money online?

Online jobs.please share your skill


Answers: Hi friend..
There are some really a good instrument of making money online being at home.There is no entail to pay at front.Just original knowledge of internet is plenty.Further it is much much better than online paid surveys & facts entry..Just try it out there is zilch to lose since u r not going to pay..
I do some ebay and own been doing this home business

http://www.mypowermall.com/Biz/Home/1054...

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