The Personal Finance Calculator : How to Calculate the Most Important Financial Decisions in Your Life

✍ Scribed by Esme Faerber

• Publisher: McGraw-Hill
• Year: 2003
• Tongue: English
• Leaves: 305
• Edition: 1
• Category: Library

✦ Synopsis

Today's most clear-cut guide for understanding and making everyday financial decisions

Is it better to buy or lease a car? How does one calculate an investment return? For that matter, what exactly is an investment return? The Personal Finance Calculator provides noncomplex tools and calculations for assessing current personal wealth, determining how much debt is too much debt, understanding credit card interest rates, and more.

Written by Esme Faerber, a McGraw-Hill author renowned for simplifying complex finance topics and explaining their use, this clear, concise book explains simple steps for getting one's financial life in order and saving money over both the short and long term. Readers will learn how to:

• Keep investment costs from undercutting overall returns
• Use the popular "Rule of 72" to estimate investment growth
• Determine how much money they will need for retirement

✦ Table of Contents

Cover......Page 1
Contents......Page 4
ACKNOWLEDGMENTS......Page 8
INTRODUCTION......Page 10
PART ONE Assessing Your Current Wealth......Page 14
#1 How to Determine Your Net Worth......Page 16
#2 How to Determine a Cash In.ows and Out.ows Statement......Page 21
#3 How to Formulate a Budget......Page 25
#4 Time Value of Money and What It Can Do for You......Page 33
#5 Simple Interest and How to Calculate It......Page 35
#6 Compound Interest and How to Determine Future Value......Page 36
#7 What You Need to Know About Nominal Versus Effective Interest Rates and How to Calculate the Effective Rate......Page 43
#8 Present Value and How to Calculate It......Page 46
#9 Annuities and How to Calculate Them......Page 50
#10 How to Determine the Amounts Needed to Fund Your Objectives......Page 65
#11 How to Reconcile Your Checking Account......Page 74
#12 How to Prepare Your Records for Your Tax Accountant......Page 81
PART TWO Managing Your Personal Wealth¡ªDebt......Page 86
#13 Determine Your Debt Capacity......Page 88
#14 How to Determine the Best Source of Credit......Page 90
#15 How to Determine the Annual Percentage Rate Costs of Using Credit Loans......Page 94
#16 How to Determine the Rate of Interest on Your Credit Cards......Page 103
#17 How to Manage Your Debt......Page 107
#18 How Much of a Mortgage Can You Afford?......Page 112
#19 How to Calculate Your Monthly Mortgage Payment......Page 116
#20 How to Determine Your Mortgage Balance......Page 120
#21 Determine Your Mortgage Balance When Additional Principal Payments Are Made......Page 124
#22 Adjustable Rate Mortgages and How They Work......Page 127
#23 Which Type of Mortgage Should You Choose?......Page 134
#24 When Should You Re.nance Your Mortgage?......Page 138
#25 Should You Rent or Buy a House?......Page 140
#26 What You Should Know About Leasing a Car and How a Lease Works......Page 144
#27 Should You Buy, Lease, or Finance Your Car?......Page 149
#28 How to Create a Simple Interest Loan Schedule......Page 155
PART THREE Managing Your Personal Wealth¡ªInvestments......Page 160
#29 Determine Your Investment Objectives......Page 162
#30 Determine Your Risk Tolerance......Page 165
#31 How to Allocate Your Investments......Page 171
#32 How to Determine Your Equity Style in the Selection of Individual Stocks......Page 178
#33 How to Determine Which Types of Bonds to Buy for a Portfolio......Page 184
#34 How to Rebalance Your Portfolio......Page 188
#35 The Rule of 72 and How to Use It to Determine How Long It Will Take to Double Your Money......Page 192
#36 How to Assess and Balance Risk and Return in the Choice of Different Investments......Page 193
#37 How to Calculate a Simple Rate of Return for Stocks and Bonds......Page 199
#38 How to Determine a Rate of Return for a Mutual Fund......Page 203
#39 How to Determine the Yield on Treasury Bills......Page 206
#40 How to Determine the Purchase and Selling Price of Treasury Bills......Page 210
#41 How to Buy and Sell Treasury Securities Directly from the Federal Reserve......Page 214
#42 How to Convert Municipal Bond Yields to Before-Tax Yields......Page 220
#43 Duration and How It Can Help You in the Choice of Bonds for Your Portfolio......Page 224
#44 How to Value Bonds......Page 230
#45 How to Value Common Stock......Page 233
#46 How to Determine the Growth Rate of a Stock......Page 239
#47 How to Analyze and Evaluate Your Common Stocks......Page 242
#48 How to Choose a Mutual Fund......Page 259
#49 How to Determine the Tax Consequences of Buying and Selling Shares in a Mutual Fund......Page 267
#50 How to Determine the Average Cost in Dollar Cost Averaging......Page 272
PART FOUR Planning for Your Future......Page 276
#51 How to Determine Your Future Financial Needs and How to Fund Them......Page 278
#52 How to Determine How Long Your Money Will Last in Retirement and the Amount of the Payment in a Systematic Withdrawal Plan......Page 285
APPENDICES......Page 290
INDEX......Page 300

✦ Subjects

Библиотека;Работа и бизнес;Заработок, личные финансы;