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Tuesday, December 20, 2022

Credit - Loan - Refinance

Home Equity Loans for all types of home available in 50 countries with special programs of finance available to people with credit problems. applying for a home equity loan you already know that one advantage of getting this type of loan is that it is relatively quick and easy way to get cash you soon should be at very low interest rates.

This is a specialized lending and our loan officers are experts at what they do and can provide quick approval for HOME EQUITY LOANS ! While our national officials working on enjoying easy to work with people whose credit is perfect, and they realize that the majority of Americans do not have perfect credit.

Applying for a home equity loan you already know that one advantage of getting this type of loan is that it is relatively quick and easy way to get cash is about to take on a very low interest rate. many people know this, so be sure to check with a tax professional on what is needed for this. .


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Monday, December 5, 2022

How to calculate finance charges ?

The first thing to understand is that there are two basic parts to a loan. The first issue is called the principal. This is the amount of money that is borrowed.

 The lender wants to make a profit for his services (lending you the money) and this is called interest. There are many types of interest from simple to variable.

 This article will examine simple interest calculations.

In simple interest deals, the amount of the interest (expressed as a percentage) does not change over the life of the loan. This is often called flat rate or fixed interest.

The simple interest formula is as follows:

Interest = Principal × Rate × Time

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.

To do your math, the rate must be expressed as a decimal, so percentages must be divided by 100. For example, if the rate is 18%, then use 18/100 or 0.18 in the formula.

Time is the time in years of the loan.

The simple interest formula is often abbreviated:

I = P R T

Simple interest math problems can be used for borrowing or for lending. The same formulas are used in both cases.

When money is borrowed, the total amount to be paid back equals the principal borrowed plus the interest charge:

Total repayments = principal + interest

Usually the money is paid back in regular installments, either monthly or weekly. To calculate the regular payment amount, you divide the total amount to be repaid by the number of months (or weeks) of the loan.

To convert the loan period, 'T', from years to months, you multiply it by 12. To convert 'T' to weeks, you multiply by 52, since there are 52 weeks in a year.

Here is an example problem to illustrate how this works.


A single mother purchases a used car by obtaining a simple interest loan. The car costs $1500, and the interest rate that she is being charged on the loan is 12%. 

The car loan is to be paid back in weekly installments over a period of 2 years. 

Here is how you answer these questions:

1. What is the amount of interest paid over the 2 years?

2. What is the total amount to be paid back?

3. What is the weekly payment amount?

You were given: principal: 'P' = $1500, interest rate: 'R' = 12% = 0.12, repayment time: 'T' = 2 years.

Step 1: Find the amount of interest paid.

Interest: 'I' = PRT

= 1500 × 0.12 × 2

= $360

Step 2: Find the total amount to be paid back.

Total repayments = principal + interest

= $1500 + $360

= $1860

Step 3: Calculate the weekly payment amount.

Weekly payment amount = total repayments divided by loan period, T, in weeks. In this case, $1860 divided by 104 weeks equals $17.88 per week.

Calculating simple finance charges is easy once you have done some practice with the formulas.


How to calculate finance charges ?,alculating simple finance charges is easy,Simple interest math problems can be used

Personal Loans Interest Rates and More

While others use the annual reducing balance method, SBI offers an advantage to the customer.The interest is computed only on the loan amount that is presently outstanding.

SBI loan interest rate was slashed from 11.5 per cent to 10 per cent and lenders were also freed from paying the car loan processing fee for an entire year.

They let the borrower choose between a fixed interest rate and a floating one.
In the former case, the interest rate on the loan remains fixed throughout the tenure.

tag:Personal Loans Interest Rates and More,reducing balance method,the loan remains fixed ,the loan amount

Saturday, September 17, 2022

Germany is considering a new gas procurement package

 Germany is considering a new gas procurement package....

Germany Is Considering Investing in Another Major Russian Gas Importer

The German government is prepared to take a stake in a second domestic natural gas supplier in order to contain an escalating energy crisis, which has already prompted discussions about the potential nationalization of energy behemoth Uniper SE.

Capital injection could be part of a rescue package for EnBW's VNG.

According to people familiar with the situation, a rescue package for VNG AG, the troubled gas importing subsidiary of German utility EnBW AG, could include a capital injection that would give the government a minority stake in the company.

Tuesday, September 6, 2022

How much gas does Russia deliver to Europe?

The reduction in Russian gas exports has sent global prices soaring, but Moscow has denied using energy as a political weapon.

Gazprom has said missing documents have prevented certain gas turbines being maintained - but Siemens Energy has rejected the suggestion it failed to provide the relevant paperwork.

What is Nord Stream 1 and how much gas does it supply?

It opened in 2011, and can send a maximum of 170m cubic metres of gas per day from Russia to Germany.

The Nord Stream 1 pipeline stretches 1,200km (745 miles) under the Baltic Sea from the Russian coast near St Petersburg to north-eastern Germany.

The reduction in Russian gas exports has sent global prices soaring.

But a spokesperson for the EU told the BBC the sanctions regime does not affect the technology needed for the transport of gas into Europe.

Monday, September 5, 2022

Russia gas stoppage shakes markets

 Governments in the European Union are rushing through multibillion euro packages to save utilities from collapsing under a liquidity crunch and to shield consumers from skyrocketing energy costs.

Despite the fact that Russia also exports gas to Europe via a pipeline that passes through Ukraine, these supplies have decreased due to the crisis, forcing the EU to scramble to find substitute sources to restock gas storage facilities for the coming winter.

After Russia cut off gas flows via a major pipeline on Monday, sending another shock wave through the economies in the area still battling to recover from the plague, European gas prices spiked, markets fell, and the euro fell.

Finland intends to offer 10 billion euros ($10 billion) in liquidity guarantees to its power companies, while Sweden intends to offer 250 billion Swedish crowns ($23 billion)...