SIMPLE-INTEREST MORTGAGE
Simple-interest mortgage is a mortgage wherein the computation of interest takes place daily. A traditional mortgage computes interest monthly. The computation of a daily interest charge in the simple-interest mortgage is done by dividing the interest rate by 365 days and then multiplying it by the amount of the mortgage balance. With the same concept. a monthly interest charge is determined the same way. For a short cut, just multiply the daily interest charge by the number of days in the month.
POPULAR TERMS
Lease Rate
The interest rate; payment made in a certain period indicated in the lease contract for renting an asset like a property or an automobile. The leas ...
Bandwagon Effect
A psychological phenomenon in which people do something mainly because others are doing it, regardless of their personal beliefs, which they may ov ...
Harvest Strategy
A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by additional investment wo ...
Discount House
A firm that buys, sells, discounts and/or negotiates bills of exchange or promissory notes. It is mainly operating in the U.K.
Economic Growth Rate
Gauge of economic growth from one period to another, expressed in percentage. The measure does not adjust for inflation, it is expressed in nominal ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: System
A financial statement serves as an avenue for assimilating the overall health of a business. Let’s illustrate the four key steps in a cash-ba ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
A Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Jan | |
| 02:30 | Retail Sales | Dec | |
| 09:00 | Factory Orders | Dec | |
| 11:30 | Construction PMI | Jan | |
| 11:30 | Sentix Investor Confidence | Feb | |
| 12:00 | Retail Sales | Dec | |
| 17:00 | Ivey Purchasing Managers Index | Jan | |
| 21:00 | Loan Officer Survey | ||
| 01:30 | Average Cash Earnings | Dec |
