Future Value of Money Question?
Question:
If you invest $750 every six months at 8 percent compounded semi-annually, how much would you accumulate at the wrapping up of 10 years?
Answer:
At the end of ten years you would hold nearly 25k. But after 3% inflation your total spending power would be about $18,400.00
40-year investment calc at the URL below explains within further detail.
Good luck,
you would have:
23,226.90
N=20
I/YR = 8/2 = 4
PMT = -750
FV = 22,333.56
You'll enjoy about 22,000 at the finish off.
Have you ever lost a full-size amount of money by not claiming a prize?
Question:
Answer:
Not me, but someone played the Pick 6 lottery in Newark, New Jersey and have 1 year to claim $19 million dollars. The person never claimed it and the state get the money! The money will be used to pay for instructive programs and some other things.
If I found out if I had the prizewinning ticket, I would go nuts after audible range that news.
I am losing $millions every week by not claiming my lottery winnings from Nigeria.
When you enjoy be married 3 times, who get the railroad retirement?
Question:
I have worked for a long time, so I probably would not benefit at adjectives from his railroad retirement. I have contributed plentifully to a 403b and have my own social wellbeing.
His ex wifes are both re married. He says they dont attain anything because it was not arranged for surrounded by his divorce.
Can either of his wifes catch part of his railroad retirement?
Answer:
Nope. That's virtuous news for you. Not unless it be agreed upon in the divorce settlements. Find them and read them, if you're not sure. Social Security they can touch into, but won't make a difference surrounded by what he gets, but simply if they are single. It sounds like you're surrounded by good shape.
The merely way they should take anything is if it was contained by their divorce papers. Some states have specifics more or less this stuff, so check with your attorney.
No, but the courts are verry funny in our day. they could surely try if they felt that they have more to gain than lose.
It will depend on the state which the divorce papers have be filed. Each state have different divorce aggreements.
For example, the Wife in PA that get divorce will get Half automatically depending on the years married to that personage.
How antiquated do you hold to be to uncap a checking details beside a mound?
Question:
Answer:
18 is the legal age. A edge account is a contract and you must be of lawful age to enter into any contract.
Depends on the bank. Some are specifically for kids. (G00GLE Young Americans Bank)
You can essentially be any age. But once you turn 18, its like you don't own an account underneath your parent's. So...you can still get an checking picture anyway.
I'm pretty sure you gotta be 18 to open one surrounded by your own name minus a parents signature. But they do have special programs for kids.
You can be any age as long as you hold a job. Once you've get one and can bring in a check from that duty you can ask about a checking explanation.
Well, to open a Checking report at a Credit Union, you must be at least 18 unless you enjoy an adult (anyone 18 or over- not necessarily your parent) be on your sketch with you as a collective owner.
By the way, you should turn with a Credit Union over a dune because you are not charged any monthly fees to have a Checking picture, along with closely of other reduced or no fee products.
You can accessible an account at any age next to your parents cosigning with you. You can instigate an account by yourself when you turn 18.
How much emergency money do u obligation on your justification?
Question:
i want to keep that amount of money for cases such as infection, unemployment etc. i would not touch it otherwise. how much do u obligation ?
is it enough to own just as much and afterwards earn only as much as u obligation to cover ongoing expenses or do u really need to spend go on earning more and more and more and more ...until u r hoary and ready to die ?
Answer:
As much as you can recover. The ideal amount is 3 - 6 months of living expenses, but I know general public that have lost their position and were out of work for 12 - 18 months.
As a minimum I would say you want to keep plenty to cover three months of expenses (including all bills, mortgage, household expenses etc.)
Normally you should enjoy enough set aside to support yourself for at smallest 3 months. The more you have stashed away, the more relaxed you can be, and so the smaller number likely to suffer stress, the biggest long permanent status killer.
Enough for 3-6 months of living expenses. Three months is a righteous start; a little more is even better. I hang on to a small amount of emergency money in my mound account so I can access it at any time, and the rest I keep hold of in a elevated interest savings report (but I have to skulk 3-5 days to withdraw from it).
Bank charges where on earth do i attain info in the region of getting them subsidise?
Question:
Answer:
You can claim back 100% of your charges for the concluding 6 years.
The ones you can claim back are cost charges, for breaking the terms and conditions of your contract next to the bank, essentially charges for things that take you overdrawn similar to a bounced cheque or direct debit or a card misuse fee.
The process to claim your charges hindmost is:
1) Write to the bank and ask them for a copy of your charges for the end 6 years, or alternatively a set of statements for the same extent. You do this by making a "Subject Access Request" under the Data Protection Act, enclose a cheque for lb10 made out to the bank. This by pass the banks common charges for statements which is normal a huge amount for 6 years worth. The bank enjoy 40 days to send you the facts.
2) Write to the bank asking them to reimbursement your charges, giving them 14 days to reply, attaching a "Schedule of Charges" (a list of the charges you are claiming for).
3) Send the mound a "Letter before Action" giving the hill one last accidental to refund your charges back you take court performance. They have 14 days to reply.
4) File a claim online using the Money Claim Online net site run by the UK Court Service. The claim is served on the bank 5 days after its submitted. The ridge has 14 days to acknowledge the claim. If they don't you can request a "Judgement by Default" and you win the suitcase, and get your charges, statutory interest at 8%, and your court fees.
If they do acknowledge the claim, they next have 14 days to submit a safeguard (making 28 days in total from the date the claim be served). If they don't then you can again request a "Judgement by Default", and get hold of back your charges, interest and court fees as above.
If they directory a defence, later you and the bank procure an "Allocation Questionnaire" to fill surrounded by. Some judges dismiss the baggage at this stage, as the bank can't win, so again you win. If this doesn't develop, a hearing date is allocated. The sandbank will either put a bet on out before the audible range, or won't turn up in court. Again you win the covering and get your charges, interest and fees.
Follow the correct procedures and you will win your charges back! Its big to send adjectives letters to the dune and courts by recorded abdication, so you can prove they were received, and more importantly when they be received (which you can find from the tracking section of the Royal Mail net site).
Also make sure that you distribute all post to the banks director office, and not your local branch. Don't phone the ridge either, as this can difficulty things and you have no proof of whats be said.
Have a look at my website below, which gives detailed guides to the process of claiming your charges pay for, along with template correspondence and spreadsheets you can put your own details into and send to the sandbank. There are also forums to get further counsel, and a complete guide to using Money Claim Online to file your claim online contained by the small claims court. Basically, it has adjectives the info you need to take your charges back!
The site is free to use
The money in your favour extra web site only download the templates
Theres a video clip on G00GLE video contained by the top 100 on about that.
Try on the website for the BBC programme Watchdog. It be an issue they featured truthfully recently and they have a downloadable letter on their website I believe.
I found the best agency was to commonly follow the advice on www.moneysavingexpert.com but I used the standard packages on http://www.consumeractiongroup.co.uk/for...
I've claimed on three different accounts and won beside interest and costs each time.
Good luck.
If you enjoy had to pay packet unfair sandbank charges, just write to the ridge detailing such charges and they will refund some of the money. For example, you might enjoy been charged lb30 for an uncleared cheque, and the actual cost to the edge is lb4, so you should be refunded lb24.
Talk to a desk clerk at your local branch, explain the situation of why you believe you deserve a refund, and as long as you own a reasonable request and/or a honest reason, you'll probably be refund that fee.
But if we're chitchat about more than 2 charges, you'll probably solitary get one or two put money on. There was clearly a reason they charged you a payment in the first place if at hand are a lot for impossible to tell apart purpose.
You can call them by the route, you probably don't need to physically stop by.
Is it officially recognized for my Dad near my blessing to pick up my paycheck and deposit for me?
Question:
I am an adult and will be attending graduate university out of the country. I will ocassionaly get a check from my former employer support in US for some contract work I will be doing while at hand. I would like Dad to pick up my check and deposit surrounded by my local hometown bank sketch.
Answer:
Its not legal or wrong, but you might want the company to directly deposit it for you, if they can that is. Its perfect for your dad to deposit it, just impart the bank a head up by writing a letter or calling them, whats improper is if he takes out money or cashes that check. He can't know your match either, the edge should be made aware of that fact and can conceivably put a not on the account.
I work within a bank and its possible to do that for you.
You can even ask the undertaking to mail the deposit to the guard...your choice.
Its perfectly permissible for him to pick up your check with your authority. Banks will not let him deposit it however since the check is made out legitimately to you, it requires your endorsement and ID to cash the check, which is essentially what a deposit is. I would contact the HR department of the company that will be issuing the checks to you and ask nearly direct deposit options on your check, or any other ETF methods of giving your your money.
As a side minute, most, if not adjectives banks will allow anyone to clear a deposit to your account, howver the funds must be contained by the depositers name, dosh, check or ETF. They wont stop anyone from giving you money.
CORY'S ANSWER IS GOOD, BUT ALSO CHECK WITH YOUR BANK, THEY MAY HONOR IT, OR ONLY WITH HIM ON YOUR ACCOUNT (IF YOU TRUST THE OL' FELLA), OR THEY MAY HAVE SOME OTHER PROCEDURE, AS THEY DEAL WITH THIS TYPE OF STUFF REGULARLY. YOU REALIZE THAT LOTS OF CHECKS GET DEPOSITED WITH RUBBER STAMP ENDORSEMENTS, LITERALLY.
It's definately legal for him to pick up your check. Unless your guard is extremely picky, they should let him deposit it. The individual reason he wouldn't be capable of is if he was taking some bread back. If it's a straight deposit, he might even be capable of just write "For Deposit Only" on the backbone of the check. Call you bank to see what their specifics are.
The easiest entity to do if you trust your Dad is to give him a financial Power of attorney. This will allow him to access your sandbank accounts, deal near the IRS, anything on your behalf. Basically his signature is your signature! Of course you have to completely trust him because it allows him full access to your accounts and credit! You own to file it next to the county clerk before you exit the country though. You can revoke this at anytime if you wish.
It's not as unusual as you have an idea that! The military usually encourages soldiers to tender somebody (usually a spouse) full attorney privileges so that they can deal near home, car, loans taxes, hill accounts etc.
A super easy solution would be to set up a direct deposit between the company and your guard if the paycheck is your only concern while you're out of the country.
Talk to your employer back you leave, they'll probably consent to him pick it up for you with some nice of written permission on database.
As far as your bank go, anyone can deposit money into your account for you, they only wont give your Dad a tally with the be a foil for if he is not on your account.
Alternatively you could see if your employer could letters the checks directly to your bank picture. I see this occasionally. That way your Dad doesn't own to deal beside any hassles.
Where can I attain a significant personal loan next to discouraging credit ?
Question:
Answer:
check your local bank..where on earth you have your sandbank account.
usually they can do a loan against the assets you own with them, such as cds, or money souk account, etc.
they will quote you an interest as a rule higher if you hold bad credit. but they might know how to help you out...
you don't necessitate a loan right now, next you will be in trouble beside the IRS. you choice get the loan or IRS
Any where on earth in the edge
i see this all the time u can achieve a loan with discouraging credit in the advertiser. i threw mine away but my friend get a loan and he has shittttttttttty credit and call one of those numbres from the advertiser he gets surrounded by the neigborhood so check tha out.
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Is it a apt view to catch as copious credit cards as possible?
Question:
is it a good model to get as various credit cards as possible?
just surrounded by case u entail money (e.g. for costly medical treatment, etc), otherwise keep these credit cards within a safe and not use them.
i denote get as abundant as u can when u have a moral job as then u may not have a great profession and never get them and in a minute it costs u nothing to bring back a couple of them, as when u have one other institutions bequeath u another willingly
Answer:
It is a well brought-up idea if you want to be broke and contained by debt the rest of your life.
no not really it can hurt you contained by the long run.
If thats what your thinking of doing i suggest you choose a pretty little cardboard box, because you'll need it within 30 odd years.
Dont spend money you dont own....
Having multiple credit cards is a recipe for getting into debt. Guaranteed you will use them and it takes a heck of deeply longer to get out of debt than to procure into it. I would have a max. of 2 - no more.
No, and if you already own any, chop them up !
If you want to run up as many debts as posssible, yes.
No categorically not, save dosh instead. At least it earn you interest and doesn't charge you it.
no you will just failure up paying off the credit on them adjectives and never getting the total down
No. It'll affect your credit rating (your ability to take a loan or mortgage).
A main one and a spare is probably adjectives you need.
its brilliant for your credit rating but mind they can ruin u if not mean
With the extortionate rates of interest charged by credit card companies, one card is plenty for the emergency cash, because if you cannot rate it of straight away, it could take months or even years to recompense off, and you would probably payed three to four times the price that you borrowed. More than one card merely spells many years of dept that can be avoided.
After three years within the debt/finance industry and dealing with credit referencing agencies, I would enjoy the say that the more credit that you apply for the worse your credit rating is going to be, as normally these companies will assume this is a sign that you not able to organize your money, rather than freshly having them as a precaution.
A better impression would be to put money aside into a savings side, that way not individual will you not have to interest charges, if you ever entail to use the cards, but your money will increase through interest paid to you instead of you paying interest.
As have already been said the more cards you hold the more likely you are to bring back into debt.
Nope... instead save up your money so you own 3-6 months of expenses in an report for emergencies... afterwards you'll never need the credit cards.
NO....its dutiful to have only one at a low limit for emergency.
Is it possible for me to overt a ridge narrative at another ridge when I rewarded the fees of one wall?
Question:
An example would be from Astoria to Washington Mutual. Im trying to open an narrative at Washington Mutual but I've been told that I own to open one at Astoria and stay for at smallest 3-5 years.
Answer:
Ok its sounds like you be reported to ChexSystems and that is why Washington Mutual will not expand an account for you. You said you salaried the fees of one bank, which I assume your reason was surrounded by the negative and remained that approach for a while. Once your account have been reported to ChexSystems 99 out of 100 bank will not risk opening an sketch for you. That is why Washington Mutual told you to go stern to your old guard (I'm assuming Astoria was that ripened bank).
Another institution ? or another branch of the same bank ?
As I hold at least 5 accounts surrounded by Different banks , that would be a yes , but I'm not sure almost the policy when it is just branches of the same edge .
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Yea , I have several simply for the house. There is a his,Hers, Joint , and one for only fixed expenses.
Also respectively of my business i have several Checking accounts, pay-role , fixed expresses, a few others, and Also i own a Checking account for respectively business that is impossible at all near money in for two object one it act as an over draft the others are contact to it" Happy to report never bounce a check, and it can be used in skin one of the account is compromised " some starts to steel or commit fraud. This can be changed over surrounded by a matter of hours so i do not bounce a check and everybody find there money.
I don't win this at all unless what they are adage is that you had an justification with them and next closed it and then want to unfurl it again.
I currently have 10 stirring accounts at 4 banks. In the ultimate 5 years I have be with at most minuscule 3 more banks. The lone other thing I can presume of is if you are applying for a loan and they want to see your history, but still you should be able to show the several bank, and that the money just flowed from one guard to another. I have excellent credit so moving around on bank has not effect me.
Why do individuals deposit checks to themselves?
Question:
if their depositing one of their own checks into their own bank justification for a small amount?
Answer:
I do it on a regular basis for accounting and charge purposes. I own a small business and I want to have the administrator "paper trail" for my taxes. Other culture may want to keep such a journal for other purposes, I suppose. Transfers from checking to savings for better interest rates would be another plain reason.
The check will be from a different details .
Lots of people enjoy multiple accounts , and some people presently will just do an online verbs , but some people are still not computer / web users ,
Sooooo , they have to use the aged check style system.
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If the check is a different account than the one they are depositing within, they are transferring funds. If its the same report, it sounds fishy.
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I doubt that the check is from that account. They probably enjoy another account at another sandbank and deposit that check into the account. If they are depositing a check from that same narrative then its call kiting and thats illegal.
Business students and EXPERTS within Mathematics. How do i find the PRESENT VALUE?
Question:
1) Find the present value of 3 annual payments of $1000, starting next to the first payment right immediately.
Assume an annual compound interest rate of 5%, compounded
(a) annually.
(b) monthly
(c) continuously.
Answer:
See the link below for a present plus calculator.
The formula is quite complicated and you will probably engineer a mistake while solving it. Better to look up the answers on Excel, or other such program.
How can I...?
Question:
How can I make 6 dollars onto my paypal portrayal? I need 6 dollars on it. I do not want to flog anything either. Is in that any websites that give away 5 dollars for signing up and I can label 1 dollar easily that adopt paypal and don't have a big payout? Thanks.
Answer:
CAN'T YOU JUST PUT ON A CREDIT CARD WITH THEM? THAT'S WHAT I DO.
BY THE WAY, IT SAVED ME $699 TO DO THIS BY CREDIT CARD. I BOUGHT A RING FOR THAT AMOUNT ON EBAY, PAID BY PAYPAL. THE RING NEVER CAME AND BOTH EBAY AND PAYPAL WERE WORTHLESS FOR MONTHS. I HEARD THAT MASTERCARD MIGHT HELP (I FUNDED PAYPAL WITH MASTERCARD) AND THEY MADE ME WHOLE AND WENT AFTER THE REFUND THEMSELVES. YAHOO! I'D SAY DO THAT.
Where can I walk to bring started contained by investing within Index Funds?
Question:
Answer:
The best bets are Fidelity and Vanguard -- when you pick out a fund, make sure you look at the operating expense ratio -- it should be amazingly low (no higher than 0.30%). Since the funds are trying to game an established index, the manager doesn't call for to do much active work and shouldn't filch very much money from your winnings. That's the full point of Index Funds.
If you don't have the money for a full-fledged mutual fund vindication, you might consider buying an ETF for an index fund -- VTI instead of the Vanguard Total Stock Market Index Fund.
I think it's a great perception for you to do so though -- good luck!
Doug
Most lend institutions or brokers can help you. It typically requires a $500. deposit to start and after that deposits of any amount can be made.
Are authorization of deposits considered to be stash accounts?
Question:
Answer:
They are essentially the same. The simply difference is that with a compact disc you are usually required to keep the bread in the article for a certain length of time - 6 months or whatever. If you repeal the cash you will be penalize. The benefit of a CD is better interest.
CDs have a difficult APY than savings accounts. at tiniest 5.5 percent.
Savings accounts might get up to 1 percent.
Most bank will offer greater interest rates if you have three or more accounts overt with that finicky bank.