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9780071393904

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

by
  • ISBN13:

    9780071393904

  • ISBN10:

    0071393900

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2003-04-01
  • Publisher: McGraw-Hill Education
  • Purchase Benefits
List Price: $20.00 Save up to $2.00
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    THIS IS A HARD-TO-FIND TITLE. WE ARE MAKING EVERY EFFORT TO OBTAIN THIS ITEM, BUT DO NOT GUARANTEE STOCK.

Supplemental Materials

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Summary

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

Author Biography

Esme Faerber, C.P.A. is professor of business and accounting at Rosemont College. She is the author of numerous popular books for individual investors, including All About Stocks and All About Bonds, and Bond Mutual Funds.

Table of Contents

Acknowledgments vii
Introduction ix
PART ONE Assessing Your Current Wealth
Financial Calculator:
How to Determine Your Net Worth
3(5)
How to Determine a Cash Inflows and Outflows Statement
8(4)
How to Formulate a Budget
12(8)
Time Value of Money and What It Can Do for You
20(2)
Simple Interest and How to Calculate It
22(1)
Compound Interest and How to Determine Future Value
23(7)
What You Need to Know About Nominal Versus Effective Interest Rates and How to Calculate the Effective Rate
30(3)
Present Value and How to Calculate It
33(4)
Annuities and How to Calculate Them
37(15)
How to Determine the Amounts Needed to Fund Your Objectives
52(9)
How to Reconcile Your Checking Account
61(7)
How to Prepare Your Records for Your Tax Accountant
68(7)
PART TWO Managing Your Personal Wealth-Debt
Financial Calculator:
Determine Your Debt Capacity
75(2)
How to Determine the Best Source of Credit
77(4)
How to Determine the Annual Percentage Rate Costs of Using Credit Loans
81(9)
How to Determine the Rate of Interest on Your Credit Cards
90(4)
How to Manage Your Debt
94(5)
How Much of a Mortgage Can You Afford?
99(4)
How to Calculate Your Monthly Mortgage Payment
103(4)
How to Determine Your Mortgage Balance
107(4)
Determine Your Mortgage Balance When Additional Principal Payments Are Made
111(3)
Adjustable Rate Mortgages and How They Work
114(7)
Which Type of Mortgage Should You Choose?
121(4)
When Should You Refinance Your Mortgage?
125(2)
Should You Rent or Buy a House?
127(4)
What You Should Know About Leasing a Car and How a Lease Works
131(5)
Should You Buy, Lease, or Finance Your Car?
136(6)
How to Create a Simple Interest Loan Schedule
142(7)
PART THREE Managing Your Personal Wealth--Investments
Financial Calculator:
Determine Your Investment Objectives
149(3)
Determine Your Risk Tolerance
152(6)
How to Allocate Your Investments
158(7)
How to Determine Your Equity Style in the Selection of Individual Stocks
165(6)
How to Determine Which Types of Bonds to Buy for a Portfolio
171(4)
How to Rebalance Your Portfolio
175(4)
The Rule of 72 and How to Use It to Determine How Long It Will Take to Double Your Money
179(1)
How to Assess and Balance Risk and Return in the Choice of Different Investments
180(6)
How to Calculate a Simple Rate of Return for Stocks and Bonds
186(4)
How to Determine a Rate of Return for a Mutual Fund
190(3)
How to Determine the Yield on Treasury Bills
193(4)
How to Determine the Purchase and Selling Price of Treasury Bills
197(4)
How to Buy and Sell Treasury Securities Directly from the Federal Reserve
201(6)
How to Convert Municipal Bond Yields to Before-Tax Yields
207(4)
Duration and How It Can Help You in the Choice of Bonds for Your Portfolio
211(6)
How to Value Bonds
217(3)
How to Value Common Stock
220(6)
How to Determine the Growth Rate of a Stock
226(3)
How to Analyze and Evaluate Your Common Stocks
229(17)
How to Choose a Mutual Fund
246(8)
How to Determine the Tax Consequences of Buying and Selling Shares in a Mutual Fund
254(5)
How to Determine the Average Cost in Dollar Cost Averaging
259(6)
PART FOUR Planning for Your Future
Financial Calculator:
How to Determine Your Future Financial Needs and How to Fund Them
265(7)
How to Determine How Long Your Money Will Last in Retirement and the Amount of the Payment in a Systematic Withdrawal Plan
272(5)
Appendices 277(10)
Index 287

Supplemental Materials

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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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