Tag: personal-finance
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Banks Vs. Credit Unions
Many credit unions have criteria you must possess in order to be eligible to join. Usually, they have fewer locations than banks and fewer lending services they can offer. However, credit unions pride themselves on their customer service and their focus on the community. Also sense their structure is that of a nonprofit organization they…
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The Purpose of a Credit Card
The reason that lending institutions send you offer for their credit card is to lure you into a situation where you have to pay their high interest rates. The long and short of it is they wish to make money. However, my reason for using credit cards is different. I load up the card and…
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Present Value of Tomorrow’s Lump Sum
It is useful to be able to calculate the present value of tomorrows’ lump sum because it is used in the process of discounting future cash into present value. As an example, let’s assume you the investor has been offered the opportunity that is projected to provide a $2,552.56 cash in flow at the end…
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Mutual Funds
Have you ever wanted to buy stocks or bonds, but decided against because of lack of knowledge or lack of funds? Those two reasons are why many investors have decided to invest in mutual fund offerings. A mutual fund pools the moneys needed from various investors and then it invests in securities such as stocks,…
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