Understanding Simple Interest and Compound Interest

Interest is the cost that must be paid when ones borrowing money. There are two types of interest. Those two types differ in how the interest is calculated. They are simple interest and compound interest. Simple interest is calculated on the loan principal amount. And the compound interest is also regarded as interest of interest. It is calculated on the loan principal amount and on the accumulation of interest from earlier periods.

At a glance, it can be assumed that simple interest is more affordable and advantageous for borrowers. However, for investors, it is more advantageous to get compound interest from the bank. To understand about those two types of interest, you need to know the difference between simple interest and compound interest formula.

Simple interest formula is I = p x r x t. the symbol p represents the amount of principal. The symbol r represents the interest rate. And the symbol t represents loan term.

For example, one borrows $5000 with 8 % interest rate for three years. The simple interest is calculated below.

I = 5000 x 0.08 x 3

I = 1200

Compound interest formula is I = p x r x 1 for the first year.

Example:          I = 5000 x 0.08 x 1

I = 400

For the second year, it is I = (p + 1st year interest) x r x 1.

Example:          I = 5400 x 0.08 x 1

I = 432

And for the third year, the formula is I = (p + 1st year interest + 2nd year interest) x r x 1.

Example:          I = 5832 x 0.08 x 1

I = 466.56

From the formulas above, we can conclude that compound interest yield more money than simple interest. Simple interest is usually applied on mortgage and car loans. Meanwhile, credit card companies apply compound interest.

Educated Individuals Are Less Likely to Experience a Self-Caused Car Accident, Here’s Why

Car insurance claim – these are the three words that every car owner dreads to hear. The reality is however, that car accidents are real and no matter how much you try, there will come a day when your vehicle will suffer some sort of damage. As your mind races about the possibilities of what to do next, you’d wonder if your insurance company will cover the damage at all.

After all, whose fault was it because of which the accident occurred? Given the fact that many people are now causing self-inflicted damage to their vehicles to get insurance benefits, the entire premise of proving the cause of the accident now stands on shaky grounds.

One thing is for certain that people who are educated and experienced behind the wheel are less likely to encounter this problem.

How educated individuals are less likely to experience a self-caused car accident?

While some may think, this topic is going to be quite a stretch, the subject is something that’s worthy of discussion. By educated, we don’t just mean people who have degrees from expensive colleges; we mean individuals who are aware of how the automobile insurance laws function. In fact, just having a basic knowledge of insurance policies and the general law is sufficient.

This isn’t rocket science, but this notion is true for the same reasons it’s true that people who are educated are more likely to get better jobs and live happier lives. The more knowledge we possess, the more ways we can apply it to the real world to make lives easier and safer.

In the context of self-inflicted vehicle accidents, the person who thinks they can game the insurance company with damage claims will likely be at a loss. It is because insurance companies keep a thorough record of your driving history, capability to invest in their insurance policies, and even in some cases, the level of your education.

Does that mean auto insurance will not pay to repair the self-caused damage?

Auto insurance will be used to repair damage to your automobile if you have collision coverage and your policy recognizes the cause of the accident is not directly intentional. For instance, if you mistakenly crash your car without any other vehicle involved or if your car incurs damage while parking, you’ll likely qualify to receive insurance benefits.

If you have questions regarding your rights as an insurance policy holder you should consider contacting a attorney at Kendall Law. You’d be amazed to learn how much help car accident attorney can be during your time of need.


Five Reasons Why Individuals Need to Be Properly Educated About Human Rights

Human rights. You’ve probably have heard that phrase being uttered or being talked about, right? What are they? Is there good reason for you to be well acquainted with human rights? Of course, there is. Here are five reasons why individuals need to be properly educated about human rights.

What are human rights in the first place?

These are the freedoms and basic rights to which you are entitled to. For instance, there is the right to life, freedom of expression as well as equal treatment before the law, among several others. These rights cannot be denied on any basis be it race, sex, age or ethnicity.

Now that you’ve known what human rights are, here are the reasons as to why you should be properly educated about them:

Learn to resolve conflicts

Did you know that many conflicts in the society are caused by breaching of basic human-rights? The trauma that results from this not only causes emotional and physical distress but could also cost some money. As surprising as it sounds, you may have to contact a law firm like Cohen & Jaffe for interpretation of human-rights and breaching of the same. This way, conflicts are kept at bay.

Improve the quality of life

You enjoy quality housing yet there are about 10% of the people around the globe who live in informal settlements. Living conditions can be dire with overcrowding, little or even no access to clean water, toilets or health-care. Most people living in informal settlements aren’t protected from harassments such as a forced eviction because their basic right – to live there – is not recognized. Education on these rights helps improve the lives of others.

Demand for quality healthcare services

You have a right to be as healthy as you can and in case of the inevitable – that’s being sick – you should get access to a health facility. This is a basic right that should not be denied to anybody regardless of the sex, ethnicity, race or anything else. If need be this education can be used to pressurize the government to improve the quality of the service and facilities offering health services. After all, isn’t the current government supposed to make life better for you?

Developing critical analysis of different situations

Just like how education enables you to develop rationale judgement and critical thinking, learning about human rights helps you develop critical analysis if different situations. Remember that most conflicts come about due to a breach of human rights. When the right to life, right to shelter, freedom of expression, right to education and right to health plus the others are taken care of, then the society will enjoy more cohesion and prosperity.

Promote expression of feelings

To get the best out life, you need to be able to express everything at heart. This should include fighting for all your rights and those of people living around you. By getting proper education on human rights you are bound to enjoy a better life. In case of a breach, contact a human rights lawyer to help you.


Best Drip Coffee Maker to Buy

There’s nothing better to start a day than a cup of coffee on the morning. Let the caffeine kicks your brain and makes you fresh and full of spirit to face the day. But off course, there’s nothing worst for the morning that a cup of bad tasted coffee. It’s only about the choice coffee bean or powder product but also how it’s brewed. Having a good drip coffee maker in your kitchen is a good investment to make sure you will always have a delicious cup of coffee.

The important things are good investment and good cup of coffee. What you need is a coffee machine able to brew and drip coffee perfectly and also at reasonable price suitable for your budget. When you are trying to search about coffee machine, you’ll get many results in no time. There are many models of types of drip coffee makers currently available on the market. Those products are coming from different brands with varieties of features. It seems it won’t be easy to find the perfect choice. Well, it might but you can always start from Best drip coffee makers review at Top-coffee-machines.com. This portal is dedicated to coffee lovers offering the most comprehensive, unbiased, and updated information on coffee machines for home used or for commercial used.

Team of coffee lovers and experts in coffee brewing technology have been gathering information on many drip coffee makers available on the market. Based on various criteria, those machines are rated and reviewed. Best rated ones are featured on that portal giving you the most reliable and useful buying guide. Browse through the reviews of drip coffee makers featured there as well as checking the coffee machines comparison page. With such information, you won’t find it difficult to make a decision of the right coffee machine to buy.

How Fast You Really Get?

Let’s admit that speed is the most attractive factor when choosing internet service provider. That’s the bling of internet service. It is easy to notice that internet service providers are offering internet connection with high speed even claiming that their connection is the fastest one. I bet you made the decision to subscribe among them from the speed offered. But are you really sure the speed you get is as fast as the claim?

It is a common thing that you are blinded by the blings of that internet service provider. But let’s get real. You deserve to know the reality. What you see on the promo ads is maximum speed while actually, there are many factors to make the actual speed is much lower. Luckily, now we have the right tool to verify the actual internet connection speed. There are tools designed for internet speed test, you can easily choose one of them. This tool is dependable to check the actual internet connection speed you get to compare it with the provider’s claim. This speed test tool checks the quality and download speed. It works by checking the ping as well as download and upload bandwidth speed. This method is proven to be actual verifying internet connection speed.

So, there’re three factors checked: ping, upload, and download. It won’t be long to verify the actual performance of your internet connection. Most of the tools are web based so you will only need to open the website and run the application. It takes only few second to complete the test and the result will be presented on the application. Of course, you can’t expect that this test will be 100% accurate because there are many factors affecting the result. It is including the server locations, workload, and the device you use.

Where to Find the Best Health Insurance to Buy

With the uncertain fate of Obamacare in the next administration, it is important to review your health insurance plan. Good health insurance plan is very crucial with high medical cost these days but don’t forget that health insurance can also become a financial burden. Choosing the right insurance plan can be really challenging to make sure you get proper coverage and reasonable rate.

There are many different health insurance products from various insurance companies available on the market. Those products are offering different plan at different price. With so much option, it won’t be easy to choose the right one and there’s risk you end up overpaying for health insurance with minimum benefits. When you are considering to buy online health insurance coverage plans in Arizona for individuals you need to have proper information to choose the right one. Your quest to find the best health insurance must be started here at Health Insurance Quotes. This is the online service of a consulting firm dedicating its expertise and resources to help consumers find the health insurance product with the best coverage plans for their needs. If offers the most comprehensive and unbiased guide to find the best solution at the best price.

What you can get from this online service is the latest and most trusted quotes of health insurance products. The quotes are guaranteed to provide the most accurate information about the coverage plan with price and benefits you can get. You can easily get the quotes for all cities in Arizona making sure the information will be suitable with the local condition. Get your quotes today! It is 100% free and no legal obligation. More importantly, you have the right information to find the right health insurance product with the most suitable plan for your family. It is all made easier there.

Training a Responsible Driver

Driving is an important skill to have and most people would like to have this skill. Teenagers are the ones who very enthusiast with the idea of driving the car. They can wait the time come when they can legally drive the car and no wonder they are really noisy when asking about getting a driving license. It is very important for the parents to make sure they can be a driver with good skill and focusing on driving safety. For that you need to send them to a good driving lesson.

Your teenage kid must be very enthusiast about learning to drive. Of course, you can train them to drive a car but it would be so much better to send them to a driving lesson. You know how to drive a car but you may not as good in training a new driver. Just like any other kind of education, it requires advanced knowledge and experience and also the right teaching method to train a good driver. Moreover, here in Australia every application for a driving license is required to have completed an accredited driving lesson. Here in Melbourne, there’s no better place to send your teenage kid to learn how to drive than ODOS Drive. It is a leading provider of accredited driving lesson with top reputation.

ODOD Drive has professional driving instructor licensed in the state of Victoria. It has the most advanced teaching methods with personalized approach ensuring students are encourage to learn the skills for driving on the street. The driving lesson will take place on the beautiful Melbourne Eastern suburbs. This area offers good challenge for students to master driving skill. ODOS Drive guarantees that completing the driving lesson will not only lead the students to pass the driving test to get the license but also will shape them to become a good responsible driving focusing on safety driving.

Test Your Stress Gene

The world we are living in today gives us more challenges and we are often living under big pressure. There are many things able to cause stress in our life including work pressure, financial condition, family or relationship problems, and many more. Living with too many stresses isn’t good for our physical and mental health. In short term, it can cause nausea, insomnia, to headache while in long term, it can cause cardiovascular disease, hair loss, and even infertility.

What most of us don’t realize yet is that our gene has strong role on regulating stress. How we respond to the stress and perceive the world around us is determined by our gene. That’s why there are people who take stress awfully while other can cope from it without any difficulty. Scientific researches have been revealed genetic variants of the genes associated with the stress. It is related to the resistance and ability to cope with the stress. What kind of your genetic variant related to the stress can be identify with DNA test. New Life Genetics is the one stop service for DNA Stress testing online. It offers all-inclusive package for stress DNA testing with very reliable result.

New Life Genetics has the latest and most advanced method to test and identity stress related gene variants. There’s no hassle to get the test. Order the package online from the website and follow the instruction you receive in the package. Send the test kit back to New Life Genetics and the test result will be available within 20 day. You will receive secure personal test report with identification of your genetic variants related to stress along with guideline and recommendation on which type of activities or environment less likely to cause stress to your specific genetic variant and how to make the right adjustment with the environment to reduce stress.

Education to Advance Your Career

We are a lifelong learner and we shouldn’t stop to learn new things especially when those new things can help us to a better future. When you were young, you didn’t have the privilege to go to college and get a degree. Instead you started to work right after high school. Now you have a good job position but still, you feel you need to upgrade your knowledge if you want to advance your career. As a lifelong learner, there’s no reason to not taking a new challenge to learn about new thing.

The business world is always changing with the new technology. Learning about new skill can give you better credential to bring your career into a better position. Being able to enrich yourself with new knowledge and skills will improve your quality and also improve your professional credentials. You don’t need to worry that you must leave your work to school to enroll full time. There are opportunities to improve your professional skill without going to a college. UTS Sidney is one place that offers those opportunities. An education institution dedicated to provide quality education to adult learners, it offers various programs designed to help students get new professional skills to help advancing their career path.

This education institution offers many different training programs through various classes. The programs are specializing in business, design coding, linux system, and Microsoft technology. All programs have strong curriculum made based on the actual and the future needs of business worlds. Students can take any program or courses based on their interest and preference with very flexible arrangement. It is including online programs for those want to take the course part time. It is highly recommended to visit the website to learn more about the programs offered. Complete information is available there. It’s never too late to learn new knowledge and skill.

Getting Your College Degree Online

Good education is the key of successful future. I think we all can agree with that. No wonder every parent wants to send their children to a good school to get the best possible education. A college degree will give good credential in job market and getting a degree from a top school will be very valuable. As high school seniors are starting to prepare their college application process, their parents are also enthusiast and even nervous to help their children find the right school.

There are many college level programs here ranging from small liberal arts colleges to big universities. Those are the options to choose. However, some people may not have the privilege of going to college straight after high school. As their parents can’t afford to pay the tuition fee for full time program, they choose to work to earn for money. For those in this situation but still eager to pursue a degree, online programs can be a good option. This type of program allows them to take courses part time while they can keep their current job. Completion to this program will lead to a college degree. Here you can find information about Top Colleges 2017 with accredited online undergraduate program.

Unlike full time college enrollment, online program offers more flexible schedule. Students can take any course based in their preference and the degree they want to earn. The course can be taken any time although there are same requirements as full time students including assignments and exams. Choosing the right online program is very important. Get full information about the program. The most crucial one is the accreditation and them review the curriculum. Taking college education can also become much affordable solution for those with limited financial capability. Even better, now there are scholarship opportunities available for online undergraduate program.