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Having some knowledge of how to calculate finance charges is always a beautiful thing. Most lenders, as we all know, will do this for you, but it can helpful to be able to check the math yourself. It is important, however, to understand that what is introduced here is a basic procedure for calculating finance charges and your lender may be using a more complicated process. There may even be other issues attached along with your loan which might affect the charges.

The first thing to understand is that there’s one basic parts to a loan. The first issue is called the principal. This is the amount of money that is borrowed. The lender wishes to make a profit for his services & this is called interest. There’s lots of types of interest from simple to variable. This editorial will examine simple interest calculations.

The simple interest formula is as follows:

Interest = Principal Rate Time

Interest is the total amount of interest paid.

Interest is the total amount of interest paid. Principal is the amount lent or borrowed.

Rate is the percentage of the principal charged as interest each year.  Read more...

Here is a word of advice to help you give you some leverage in negotiating salary.

While we are distributing the worlds most highly rated e-course on salary negotiation, it is part of my personal mission to give back to my customers and subscriber in a way that benefits them with valuable information.

The advice I am giving here is timeless and has a lot of value for anyone seeking a higher salary. While it is not part of the main educational materials I do offer, it is incredibly valuable and complements the information in the How To Negotiate a Salary ecourse.

With that stated, there is another great resource that is making waves on the Internet in terms of career advice. This resource is like a social website with networking and information sharing. The premise is that site members access salary information and workplace reviews as posted by other members.

The caveat is, that if you are going to be enabled to review the salary information for a given employer, you must in turn agree to participate. You need to list your job and salary information, although you can do it anonymously.  Read more...