About Ruth M. Baumgardner

http://www.usaprimeloans.com

Posts by Ruth M. Baumgardner :

Is It Wise To Borrow Money To Invest In Your Startup? AFN News

Borrow money

Previous story:

Sandeep Mohan’s highly anticipated contemporary drama film Nirmal Anand Ki Puppy is gearing up for theatrical release

Is it wise to borrow money to invest in your startup?

Posted on September 8, 2021

After validating an idea that has circulated in your brain, the overwhelming belief that it has the potential to develop is a real test. The idea can only be tested when it is built and a minimum viable product or prototype will do. Even if these factors are ignored, minimal capital investment is required to fund the start-up objects. Most current start-ups are initially financed by the founders either by their own savings or by bank loans, but what if you have no savings and do not want to borrow from the bank?

The difference between traditional businesses and start-ups

Traditional businesses often come with predictable cash flow, which makes it possible to borrow bank loans to fund them because the bank will provide you with leverage that will require you not to dilute your stake in the business. Most of the time, traditional businesses offer a secure way to make money in the long run. However, things are slightly different for start-ups because it involves risk and therefore financing a start-up is also risky because you don’t know if you will make a profit or not like any other. Sambad Lottery. If you borrow money from a bank for your business for your start-up, it doesn’t matter if you make a profit or a loss, the loan must be repaid within a specified time. Plus, it’s no secret that startup failure rates are very high, making it difficult for founders to choose to withdraw money from the bank. This is one of the main reasons founders prefer to start the business at an early stage. When you run out of savings to finance the start-up, the only option left is to raise funds.

Will Angel Investors and Venture Capitalists Fund Your Startup?

When raising funds for a start-up, we often look to angel investors or venture capitalists. The harsh reality is that it is not possible to recover funds from them at an early stage. The simple reason is that early stage startups are risky, even for those who see raising funds from an angel investor or venture capitalist as a viable option. Just like the result of a Team result, even investors want to have solid proof that the business is doing well by having solid proof and, unfortunately, creating that proof takes money.

It’s okay to borrow money from friends and family

If you do not have enough money in your savings account to finance the start-up or cover its needs and you have ruled out borrowing money from a bank or raising funds from investors , the only option left is to borrow money from friends or family. If you are lucky, you will find someone your friend or family who has enough capital to support your business. However, it goes without saying that risking their hard earned money is a difficult decision and requires careful thought. If you’re thinking about borrowing money from friends or family, you’ll be relieved to hear that many Founders have followed this month. The popularity of fundraising in this way for pre-seed investing is so popular that it has been called the FFF (Fools, Friends and Family) round in the startup community.

If someone is personally invested in your success, borrowing a certain amount of money shouldn’t be a problem. Yes, it does come with risks but sometimes it is worth it and even if the money borrowed from your parents does not bring in any return, it can be seen as an investment in your personal development. Borrowing money from parents shouldn’t prove to be a problem for their children, as it can be used as a way to support a child in need. Plus, borrowing money from friends or family won’t require you to earn 10x return. The only downside is if the lender doesn’t understand the implication of the money they loaned and ends up losing it could cost you dearly in your relationship. It is, of course, a terrible situation, but everything in life requires risk and sometimes a leap of faith can work wonders. If you are considering borrowing money from your friend or family for a seed investment, it is best to explain the implications of this to them first and once you have the money use it to create your start-up and make sure you make the money within a considerable time.


Source link

How To Borrow Money From BTC – Crypto Lending Explained

Borrow money

Borrowing and returning with interest is an old profession. If you are in a crypto investment, you know that cashing in your coins or trading is not the only way to get money. Investors who have registered their coins on trusted platforms that earn interest can also borrow cryptocurrency or fiat currency and use their deposited digital assets as collateral.

Any investor who is considering seizing this opportunity should first know how to borrow money from BTC. The good news is that there is a lot of information to help you make informed decisions about Bitcoin lending sites, and this article just happens to be one of the sources.

How To Borrow Money From BTC – What You Need

  • A reliable crypto-lending platform – These platforms offer loans while allowing investors to save and earn interest. So while choosing, find one with affordable crypto loan rates and high interest rates on your savings. There are many platforms as we will see shortly. Once you’ve chosen one, open an account and start saving.
  • Bitcoins – Before you even know how to borrow money from BTC, you need to have BTC that you will use as collateral. For now, they can be in your digital wallet ready to be deposited into your crypto savings account. However, well-established platforms like YouHodler allow you to directly top up your account with BTC using fiat currency or other cryptos through their inbuilt exchange.

How to borrow money from BTC – best platforms

To successfully borrow Bitcoin online, a reliable and trusted crypto-lending platform plays a major role. Since they all claim to be the best, take your time to research and figure out how to borrow BTC money on each of them. This list will help you make up your mind.

  • YouHodler – Are you looking for a platform to securely register your Bitcoin to earn interest and later borrow money against it? YouHodler is one of the most trusted platforms for several good reasons. The interest rates on your investment are excellent and the loan rates are affordable. In addition, it is very secure. In addition to “hodling” and borrowing money for Bitcoin, YouHodler opens up a lot of other crypto opportunities, especially when connecting with other members of the community.
  • Hodlnaut – It’s an alternative to YouHodler, and it has a pretty similar concept. If you are wondering how to borrow money from BTC on another platform, opening a Hodlnaut account will open up great opportunities for you. The platform handles BTC and many other cryptocurrencies, and it’s worth checking out.
  • CoinLoan – Looking for the best way to ‘lend my crypto’ to a trusted community? CoinLoan is a platform that will help you grow your assets and offer loans against the crypto you have registered. Their minimum deposits are attractive, as are the loan fees. If you are a beginner, this might be an ideal option.

Conclusion

Now that you know how to borrow money from BTC, don’t leave your digital investment in a digital wallet idle. The above information is invaluable for any new crypto enthusiast or even any seasoned investor. This will help you understand crypto loans.


Source link

How to calculate simple and compound interest

Compound interest

Mathematics is an integral part of programming. If you cannot solve simple problems in this area, you will have a much harder time than you need to.

Fortunately, learning how to do it is not too difficult. In this article, you will learn how to calculate simple and compound interest using Python, C ++, and JavaScript.

How do you calculate simple interest?

Simple interest is a method of calculating the amount of interest charged on a principal amount at a given rate and for a given period of time. You can calculate simple interest using the following formula: 

Simple Interest = (P x R x T)/100 
Where, 
P = Principle Amount
R = Rate
T = Time

The problem statement

we give you principal amount, interest rate, and time. You need to calculate and print the simple interest for the given values. Example: Either principle = 1000, rate = 7 and timePeriod = 2. Simple interest = (principle * rate * timePeriod) / 100 = (1000 * 7 * 2) / 100 = 140. Thus, the output is 140.

The C ++ program to calculate simple interest

Here is the C ++ program to calculate simple interest: 

// C++ program to calculate simple interest
// for given principle amount, time, and rate of interest.
#include 
using namespace std;
// Function to calculate simple interest
float calculateSimpleInterest(float principle, float rate, float timePeriod)
{
return (principle * rate * timePeriod) / 100;
}
int main()
{
float principle1 = 1000;
float rate1 = 7;
float timePeriod1 = 2;
cout << "Test case: 1" << endl;
cout << "Principle amount: " << principle1 << endl;
cout << "Rate of interest: " << rate1 << endl;
cout << "Time period: " << timePeriod1 << endl;
cout << "Simple Interest: " << calculateSimpleInterest(principle1, rate1, timePeriod1) << endl;
float principle2 = 5000;
float rate2 = 5;
float timePeriod2 = 1;
cout << "Test case: 2" << endl;
cout << "Principle amount: " << principle2 << endl;
cout << "Rate of interest: " << rate2 << endl;
cout << "Time period: " << timePeriod2 << endl;
cout << "Simple Interest: " << calculateSimpleInterest(principle2, rate2, timePeriod2) << endl;
float principle3 = 5800;
float rate3 = 4;
float timePeriod3 = 6;
cout << "Test case: 3" << endl;
cout << "Principle amount: " << principle3 << endl;
cout << "Rate of interest: " << rate3 << endl;
cout << "Time period: " << timePeriod3 << endl;
cout << "Simple Interest: " << calculateSimpleInterest(principle3, rate3, timePeriod3) << endl;
return 0;
}

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Simple Interest: 140
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Simple Interest: 250
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Simple Interest: 1392

Related: How to Find All the Factors of a Natural Number in C ++, Python, and JavaScript

The Python program to calculate simple interest

Below is the Python program to calculate simple interest: 

# Python program to calculate simple interest
# for given principle amount, time, and rate of interest.
# Function to calculate simple interest
def calculateSimpleInterest(principle, rate, timePeriod):
return (principle * rate * timePeriod) / 100
principle1 = 1000
rate1 = 7
timePeriod1 = 2
print("Test case: 1")
print("Principle amount:", principle1)
print("Rate of interest:", rate1)
print("Time period:", timePeriod1)
print("Simple Interest:", calculateSimpleInterest(principle1, rate1, timePeriod1))
principle2 = 5000
rate2 = 5
timePeriod2 = 1
print("Test case: 2")
print("Principle amount:", principle2)
print("Rate of interest:", rate2)
print("Time period:", timePeriod2)
print("Simple Interest:", calculateSimpleInterest(principle2, rate2, timePeriod2))
principle3 = 5800
rate3 = 4
timePeriod3 = 6
print("Test case: 3")
print("Principle amount:", principle3)
print("Rate of interest:", rate3)
print("Time period:", timePeriod3)
print("Simple Interest:", calculateSimpleInterest(principle3, rate3, timePeriod3))

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Simple Interest: 140.0
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Simple Interest: 250.0
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Simple Interest: 1392.0

Related: How To Complete The FizzBuzz Challenge In Different Programming Languages

The JavaScript program to calculate simple interest

Below is the JavaScript program to calculate simple interest: 

// JavaScript program to calculate simple interest
// for given principle amount, time, and rate of interest.
// Function to calculate simple interest
function calculateSimpleInterest(principle, rate, timePeriod) {
return (principle * rate * timePeriod) / 100;
}
var principle1 = 1000;
var rate1 = 7;
var timePeriod1 = 2;
document.write("Test case: 1" + "
");
document.write("Principle amount: " + principle1 + "
");
document.write("Rate of interest: " + rate1 + "
");
document.write("Time period: " + timePeriod1 + "
");
document.write("Simple Interest: " + calculateSimpleInterest(principle1, rate1, timePeriod1) + "
");
var principle2 = 5000;
var rate2 = 5;
var timePeriod2 = 1;
document.write("Test case: 2" + "
");
document.write("Principle amount: " + principle2 + "
");
document.write("Rate of interest: " + rate2 + "
");
document.write("Time period: " + timePeriod2 + "
");
document.write("Simple Interest: " + calculateSimpleInterest(principle2, rate2, timePeriod2) + "
");
var principle3 = 5800;
var rate3 = 4;
var timePeriod3 = 6;
document.write("Test case: 3" + "
");
document.write("Principle amount: " + principle3 + "
");
document.write("Rate of interest: " + rate3 + "
");
document.write("Time period: " + timePeriod3 + "
");
document.write("Simple Interest: " + calculateSimpleInterest(principle3, rate3, timePeriod3) + "
");

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Simple Interest: 140
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Simple Interest: 250
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Simple Interest: 1392

How to calculate compound interest

Compound interest is the addition of interest to the principal amount. In other words, it’s interest over interest. You can calculate compound interest using the following formula: 

 Amount= P(1 + R/100)T
Compound Interest = Amount – P
Where,
P = Principle Amount
R = Rate
T = Time

The problem statement

we give you principal amount, interest rate, and time. You need to calculate and print the compound interest for the given values. Example: Either principle = 1000, rate = 7 and timePeriod = 2. Amount = P (1 + R / 100) T = 1144.9 Compound interest = Amount – Principal amount = 1144.9 – 1000 = 144.9 Thus, the output is 144.9.

The C ++ program to calculate compound interest

Below is the C ++ program to calculate compound interest: 

// C++ program to calculate compound interest
// for given principle amount, time, and rate of interest.
#include 
using namespace std;
// Function to calculate compound interest
float calculateCompoundInterest(float principle, float rate, float timePeriod)
{
double amount = principle * (pow((1 + rate / 100), timePeriod));
return amount - principle;
}
int main()
{
float principle1 = 1000;
float rate1 = 7;
float timePeriod1 = 2;
cout << "Test case: 1" << endl;
cout << "Principle amount: " << principle1 << endl;
cout << "Rate of interest: " << rate1 << endl;
cout << "Time period: " << timePeriod1 << endl;
cout << "Compound Interest: " << calculateCompoundInterest(principle1, rate1, timePeriod1) << endl;
float principle2 = 5000;
float rate2 = 5;
float timePeriod2 = 1;
cout << "Test case: 2" << endl;
cout << "Principle amount: " << principle2 << endl;
cout << "Rate of interest: " << rate2 << endl;
cout << "Time period: " << timePeriod2 << endl;
cout << "Compound Interest: " << calculateCompoundInterest(principle2, rate2, timePeriod2) << endl;
float principle3 = 5800;
float rate3 = 4;
float timePeriod3 = 6;
cout << "Test case: 3" << endl;
cout << "Principle amount: " << principle3 << endl;
cout << "Rate of interest: " << rate3 << endl;
cout << "Time period: " << timePeriod3 << endl;
cout << "Compound Interest: " << calculateCompoundInterest(principle3, rate3, timePeriod3) << endl;
return 0;
}

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Compound Interest: 144.9
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Compound Interest: 250
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Compound Interest: 1538.85

Related: How to Invert an Array in C ++, Python, and JavaScript

The Python program to calculate compound interest

Below is the Python program to calculate compound interest: 

# Python program to calculate compound interest
# for given principle amount, time, and rate of interest.
# Function to calculate compound interest
def calculateCompoundInterest(principle, rate, timePeriod):
amount = principle * (pow((1 + rate / 100), timePeriod))
return amount - principle
principle1 = 1000
rate1 = 7
timePeriod1 = 2
print("Test case: 1")
print("Principle amount:", principle1)
print("Rate of interest:", rate1)
print("Time period:", timePeriod1)
print("Compound Interest:", calculateCompoundInterest(principle1, rate1, timePeriod1))
principle2 = 5000
rate2 = 5
timePeriod2 = 1
print("Test case: 2")
print("Principle amount:", principle2)
print("Rate of interest:", rate2)
print("Time period:", timePeriod2)
print("Compound Interest:", calculateCompoundInterest(principle2, rate2, timePeriod2))
principle3 = 5800
rate3 = 4
timePeriod3 = 6
print("Test case: 3")
print("Principle amount:", principle3)
print("Rate of interest:", rate3)
print("Time period:", timePeriod3)
print("Compound Interest:", calculateCompoundInterest(principle3, rate3, timePeriod3))

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Compound Interest: 144.9000000000001
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Compound Interest: 250.0
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Compound Interest: 1538.8503072768026

Related: How To Find The Sum Of All The Elements In An Array

The JavaScript program to calculate compound interest

Below is the JavaScript program to calculate compound interest: 

// JavaScript program to calculate compound interest
// for given principle amount, time, and rate of interest.
// Function to calculate compound interest
function calculateCompoundInterest(principle, rate, timePeriod) {
var amount = principle * (Math.pow((1 + rate / 100), timePeriod));
return amount - principle;
}
var principle1 = 1000;
var rate1 = 7;
var timePeriod1 = 2;
document.write("Test case: 1" + "
");
document.write("Principle amount: " + principle1 + "
");
document.write("Rate of interest: " + rate1 + "
");
document.write("Time period: " + timePeriod1 + "
");
document.write("Compound Interest: " + calculateCompoundInterest(principle1, rate1, timePeriod1) + "
");
var principle2 = 5000;
var rate2 = 5;
var timePeriod2 = 1;
document.write("Test case: 2" + "
");
document.write("Principle amount: " + principle2 + "
");
document.write("Rate of interest: " + rate2 + "
");
document.write("Time period: " + timePeriod2 + "
");
document.write("Compound Interest: " + calculateCompoundInterest(principle2, rate2, timePeriod2) + "
");
var principle3 = 5800;
var rate3 = 4;
var timePeriod3 = 6;
document.write("Test case: 3" + "
");
document.write("Principle amount: " + principle3 + "
");
document.write("Rate of interest: " + rate3 + "
");
document.write("Time period: " + timePeriod3 + "
");
document.write("Compound Interest: " + calculateCompoundInterest(principle3, rate3, timePeriod3) + "
");

Go out: 

Test case: 1
Principle amount: 1000
Rate of interest: 7
Time period: 2
Compound Interest: 144.9000000000001
Test case: 2
Principle amount: 5000
Rate of interest: 5
Time period: 1
Compound Interest: 250
Test case: 3
Principle amount: 5800
Rate of interest: 4
Time period: 6
Compound Interest: 1538.8503072768008

Learn to code for free: start with simple and compound interest

These days, the impact of coding is increasing exponentially. And at the same time, the demand for skilled coders is also increasing exponentially. There is a misconception among people that they can only learn to code after paying high fees. But this is not true. You can learn to code absolutely free from platforms like freeCodeCamp, Khan Academy, YouTube, etc. So even if you don’t have a big budget, you don’t have to worry about missing something.


Code editor on a laptop
The 7 best ways to learn to code for free

You can’t learn to code for free. Unless you use these proven resources, of course.

Read more


About the Author

Yuvraj Chandra
(61 published articles)

Yuvraj is an undergraduate computer science student at the University of Delhi, India. He is passionate about Full Stack web development. When he’s not writing, he’s exploring the depth of different technologies.

More from Yuvraj Chandra


Source link

What’s the best way to borrow money to expand my house?

Borrow money

Dear Gareth,

I just bought a property with a 10% down payment. I want to add an extension to increase the space and value of the property. How could I go about taking this out of the equity I have in the property? Can I borrow 5% more? Or do I have to wait until I own more of the asset before borrowing against it?

Name and address provided

Gareth says …

It’s common for people to use the money they’ve accumulated on their property to pay for renovations, but that’s not the only solution. Remember, a mortgage is decades of debt, so any additional borrowing you take out stays with you for the life of your loan. What may seem like the obvious place to fund your project, could end up being the most expensive.

“Some elements to take into account”

Let’s take a closer look at what you have to offer. Since you have just purchased the property, what you are looking to do is increase your mortgage. Doing this with your existing lender is often called an “additional advance”. This allows you to borrow more money from your current lender over the life of your mortgage contract.

The rate will depend on what your lender is offering – sometimes it can be the same as your existing mortgage rate, but you might have to pay a higher rate, making it more expensive than your existing mortgage. .

The advantages here are that you don’t have to switch providers to get a loan, you can spread your repayments over a very long period of time, and even if the interest rate is higher than your mortgage, it is likely to fall. ‘be cheaper than what you would pay on an unsecured loan.

Read more

Does using PayPal to pay online affect my section 75 rights?

There are a few things to consider – the most important being whether your lender would actually give you an advance.

Lending to people with a 10% deposit is riskier for mortgage lenders, but borrowing an additional 5% of the value of your property would push it to the maximum that a bank or mortgage company is willing to lend.

She may not be willing to take that extra risk – some banks will only consider a new advance if you own at least 20% of the equity in your property. Some lenders offer a separate loan alongside your mortgage. It is worth understanding its terms before applying.

You will also need to consider affordability – will you be able to afford the increased monthly mortgage payments? And by tying the loan to your property, defaulting on repayment if you are having trouble could result in repossession of your home.

Since you have just purchased your property, re-mortgage with another lender before your term expires would incur prepayment charges which would make the cost of borrowing higher.

Prepayment charges are usually around 2% of the value of your loan, forcing you to find thousands of pounds just to borrow more.

I think your suggestion to wait until you have accumulated more equity is the most sensible course. When your current mortgage contract expires, you can remortgage to free up cash on your property.

If your property has gone up in value, the combination of that and any return of capital you made during the transaction will hopefully give you a lower LTV – say 15 or 20 percent.

Then you can remortgage up to 90% of the LTV, 85% covering your existing loan and an additional 5% to finance your renovations. I would suggest seeking independent mortgage advice to find a bank willing to lend you on these terms.

There is a risk here. Interest rates are at their lowest. There is no guarantee that the rates will be this low in two years – and you could end up with higher monthly repayments.

To put yourself in the best possible position for this, consider overpaying your mortgage. This will allow you to acquire more equity in the property, so that when you come to remortgage, you can do so at a much more attractive loan in relation to the value.

Who? posted a calculator – visit which.co.uk/overpayment


Source link

1 2 3 4 5 >»