Article: While amortization math is fairly complex, you should at least get a handle on it so you understand how the calculations work. However, you don't have to do every calculation by hand you can use an online calculator. To start, you'll need the following figures: the initial principal or amount of the loan, the interest rate per period, and the total number of payments or periods. Add one (1) to the interest rate to period, then raise this sum to the power of the total number of payments or periods. Multiply this figure by the interest rate per period, and place this number on the top of a division symbol. On the bottom of the division symbol, take the figure you got when you added one (1) to the interest rate and raised it to the power of the number of payments, then subtract one (1). Complete the division and multiply that amount by the initial principal to find the payment amount per period. There are many independent financial websites that have amortization calculators available. Banks and other lenders also often have these calculators available on their sites. If your lender has a calculator available on its website, you may want to use that one as opposed to one offered elsewhere. Not that there's going to be much, if any, difference in the calculation, but using your lender's calculator gives you a little more ground to stand on if you find a difference between the monthly payment you calculated and the one your lender calculated. Online financial calculators provide spaces for you to enter the total amount of the loan, the term of the loan, and the annual interest rate. There also may be places for you to describe the type of interest or enter any fees. Once you've provided the necessary information about your loan, the calculator will provide you with the amount of your monthly payments so you don't have to do all that math by hand. Keep in mind that amount you calculate may be different from your actual monthly payment if your lender charges fees that you left out of the calculations. For example, if you have a $150,000 mortgage with an annual interest rate of 4.5 percent and a loan term of 360 months (30 years), your monthly payment would be $842.50. If you have a car loan for $30,000 with an annual interest rate of 5.25 percent and a loan term of 60 months (5 years), your monthly payment would be $569.58.
Question: What is a summary of what this article is about?
Learn the monthly payment formula. Find an online financial calculator. Enter the terms of your loan. Determine your monthly payments.
Article: Some carriers will let people with no or poor credit sign up for a plan, but you must pay a security deposit first. For example, T-Mobile lets consumers with the best credit buy an iPhone for around $27 a month. However, if you have poor credit, you can pay $360 upfront and then make monthly payments. To estimate your security deposit, use an online security deposit calculator. You need to know your credit score to use the calculator. You can get your score from myfico.com for a small fee, or you can use a free online service such as Credit Karma. Stop into any store and apply, or apply online at the carrier's website. You typically must provide the following information when you apply. personal identification, such as a driver's license or other government-issued ID telephone number email address delivery address tax identification number The carrier will check your credit and then contact you about a security deposit. Typically, you must pay your deposit before the carrier will activate your plan. Some carriers won't even let you pay a security deposit. Instead, carriers have created prepaid plans for people with bad credit, so don't be surprised if you are rejected. Your carrier will probably refund your deposit if you pay your bills consistently for a year. They should pay simple interest on the deposit, so you'll get back a little more than you paid in. Make sure to pay your bill in full and on-time.
Question: What is a summary of what this article is about?
Calculate your security deposit. Apply for a plan. Pay your security deposit. Receive a refund of your security deposit.
Article: The people you spend the most time with are a reflection of you. As the old saying goes, "birds of a feather flock together". Examine your social circle to see if the individuals you are around on a daily or weekly basis represent you well. These people should have characteristics and traits that you admire, traits that someday may rub off on you. Resist the urge to surround yourself with people who may be fun or exciting in the moment, but pull you away from reaching your potential. Hans F. Hansen said, "People inspire you or they drain you. Choose them wisely." Exercise this in your life by assessing those closest to you. Think about how you feel with these people. Do they lift you up and motivate you? Do they encourage you to have healthy, positive habits? If you have people around you that are draining or bringing you down, you could be sacrificing reaching your potential by keeping them in your life. Decide if you need to cut off contact with people who are not representative of the life you want to lead. Discover your unique abilities and talents, and be sure to make use of them every day. By doing this, you hone your abilities and make them even better. When you work to your strengths, you give the world the very best of you. Plus, you boost your self-confidence and feel more accomplished. This is not to say it is unimportant to analyze your weaknesses - it is very important to know what areas you could use work. However, knowing and playing to your strengths enables you to realize your dreams and self-actualize. Think about it: you were given these gifts for a reason. Use them! While you are on the journey of self-actualization, remember to take time off to be good to yourself. Pushing yourself further and further can be a good thing, but everyone requires breaks and self-care to jump back in the saddle at 100%. When you are feeling stressed or overwhelmed, turn to a few self-care practices that let you clear your mind and relieve negative energy so that it does not affect the work you are doing on yourself. Self-care consists of any activities you can engage in that promote mental, physical, or emotional well-being. This will look different for different people. It may include taking a bubble bath, writing in a journal, exercising, meditating, praying or virtually any activity you find relaxing. Test out a few activities to see what works best for you and call on them when you're feeling stressed. A daily or weekly ritual might be a great idea to implement to fend off stress before it becomes too much. Maintain a good relationship with yourself. Sometimes, we can get so caught up in life that we neglect ourselves. Regularly get in touch with your inner self and run a diagnostic. Is there something that you need? Do you need a break? Spend time with yourself and frequently reassess where you're headed and if you like where you're going. We are all works in progress, so don't fret when you have to change your plans or regroup. Be a champion for yourself!
Question: What is a summary of what this article is about?
Surround yourself with positive people. Magnify your strengths. Treat yourself. Build self-trust and relax.