Financial Advice
Help with your financial needs!
Credit!!!
Credit Is money, goods or services provided to an individual instead of real money But you must pay later. Examples: Credit Cards, and Store Cards
Simple Interest!!!
Simple Interest is a quick method of calculating the Interest charge on a loan.
How do I find the Simple Interest?
Simple interest is determined by multiplying the interest rate by the principal by the number of periods.
P=Principal r=Rate T=Time
(P)*(r)*(T)
Amortization schedule!!!
A table detailing each periodic payment on an amortization loan.
Principal!!!
The Principal is The total amount of money without anything added to it, like interest.
Rate!!!
The Financial Rate or Tax Rate is used in formulas to find interest and money spent.
The 5 C's of Credit
character, capital, capacity, conditions and collateral are the 5 C's
20-10 Rule
Helps you understand how much credit you can afford.