Written By Admin on August 12, 2014 | Tuesday, August 12, 2014
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Tuesday, August 12, 2014
Monday, August 11, 2014
What is EMI and how is it calculated?
Written By Admin on August 8, 2014 | Friday, August 08, 2014
Loans have become an integral part of everyone's life today and help us achieve some important life goals. Be it buying a car, buying a home or affording kids overseas education, loans play a vital role in our life.
However, when we talk about loans, the most important word associated with it is EMI. EMI, which stands for equated monthly installment, is the monthly amount payments we make towards a loan we opted for. "EMI payments include contributions towards both principal and interest on the loan amount. The interest component constitutes the major portion of the EMI payment in the initial stages. As we progress along the loan tenure, the portion of interest repayment reduces and contribution towards the principal repayment increases," says Nitin Vyakaranam, founder and CEO, arthayantra.com, a leading online financial planning firm.
Loan Amortization Schedule
Loan amortization schedule is a tabular presentation of the loan with the EMI payment. It shows the break up between the interest component and principal component of a particular EMI payment. This schedule helps the investor to examine how the loan is being paid and how much outstanding loan is left to be paid. It contains information like time period of payment, EMI, interest, principal payment and the outstanding loan. In case the loan bearer wants to foreclose the loan or wants to refinance his loan, this schedule is very helpful in such cases.
What are the factors affecting an EMI?
The EMI of a loan depends on three factors:
Loan amount - This stands for the total amount that has been borrowed the individual. Interest rate - This stands for the rate at which the interest is charged on the amount borrowed. Tenure of loan - This stands for the agreed loan repayment time-frame between the borrower and the lender.
How is EMI calculated?
The mathematical formula to calculate EMI is: EMI = P x r x (1 + r)n/((1 + r)n - 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
For instance, the EMI for a principal amount for Rs 1 lakh, 10% interest rate and 12 months tenure is shown in the following table:
Considering the above mentioned three governing factors, the EMI payments are directly proportional to loan amount and interest rates and are inversely proportional to the tenure of loan. The higher the loan amount or interest rate, the higher is the EMI payments and vice versa. In case of tenure of loan, though the amount of total interest to be paid increases with the increase in tenure, the EMI payments decrease with the increase in tenure.
Reasons for varied EMI payments
The other major factor which determines the EMI payments is the type of interest on the loan. In case of fixed rate loans, the EMI payments remain constant during the tenure. In case of floating rate loans, the interest rates vary based on the prevailing market rates. Hence, the EMI payments also vary whenever there is a change in the base rates.
The other factor which effects the EMI payments is the pre closure or partial payments made towards the loan. Any partial payments made towards the loan are deducted from the principal amount of the loan. This results in reduction of total interest that is to be paid. "Generally an individual who is making a partial payment will be given an option to keep the tenure constant or keep the EMI constant. If one opts for keeping the tenure constant, the monthly EMI payments will be reduced. Similarly, if one opts for keeping the EMI constant, the tenure of the loan will be reduced," says Vyakaranam
Friday, August 8, 2014
HOW TO MAKE A BOOTABLE USB FOR WINDOWS 7
Written By Admin on August 8, 2014 | Friday, August 08, 2014
Do you want to install your windows more quickly from Flash Drive (USB), so this is the right spot where you can easily make your flash drive Bootable.
Why USB is the best choice to install window instead of DVD-ROM, because some time the file may be missed while installing a windows from DVD disc, but this can be avoid by installing your operating system from USB. Follow the below steps to make your USB bootable.
To make your bootable USB for Windows 7 you must have the following things.
You need:
You need:
1. Win To Flash (Download), download Win To Flash
2. The is File of Windows 7
1. Download Win To Flash from the above Link.
2. Extract Win To Flash and install it
3. Open WinToFlash.exe, Click on Windows Setup Transfer Wizzard
A. click Next >
2. The is File of Windows 7
Download From Google Drive(Sify Network)
1. Download Win To Flash from the above Link.
2. Extract Win To Flash and install it
3. Open WinToFlash.exe, Click on Windows Setup Transfer Wizzard
A. click Next >
B. in windows file path click select
C&D. Select your Windows 7 ISO File (or any other window) and click Next >
Now the process started:
C&D. Select your Windows 7 ISO File (or any other window) and click Next >
Now the process started:
Introduction To "Win To Flash":
There may come a day that optical drives are as hard to find as 5.25 floppy drives are today.
WinToFlash starts a wizard that will help pull over the contents of a windows installation CD or DVD and prep the USB drive to become a bootable replacement for the optical drive. It can also do this with your LiveCD.
You don't have to worry about scratches on the disc or misplacing your original media discs once you transfer their contents to the flash drive. The optical drive is quickly becoming a thing of the past, especially in office environments, as media is shifted to the cloud.
Note: This tutorial is not for only windows 7, if you want to make a bootable USB for Windows 8 all you have to need is Windows 8 iso file.
Sunday, August 3, 2014
Friday, August 1, 2014
Android Assistant Application (18 features)
Android Assistant Application (18 features)
Written By Admin on July 31, 2014 | Thursday, July 31, 2014
Top 18 features to help you easily and efficiently manage your android phone.
Android Assistant is one of the most powerful and comprehensive management tools to improve your android phone’s performance. It speeds up your phone’s running speed and saves battery.
Top 18 Features:
1. Monitor status (cpu, memory, battery)
2. Process Manager (Auto Boost and Quick Boost can distinguish different types of processes thus will not kill fatal system processes and apps in Ignore List.)
3. Cache Cleaner
4. System Clean(Browser History, Clipboard, Market History, Gmail History, Google Earth History, Google Map History)
5. Save Battery Settings(bluetooth, wifi, gps, auto-sync, orientation, haptic feedback, screen brightness, timeout)
6. File Manager
7. Startup Manager
8. Batch Uninstall
9. Battery use
10. Volume Control
11. Ringer
12. Startup Time
13. Startup Silent(Menu->Settings->Startup Silent)
14. System Info
15. Widget(Quick Booster[1,4], Shortcuts[4])
16. App 2 SD(Support android2.2 and later):Get more free internal phone storage space
17. Batch Installation
18. App backup and restore.
1. Monitor status (cpu, memory, battery)
2. Process Manager (Auto Boost and Quick Boost can distinguish different types of processes thus will not kill fatal system processes and apps in Ignore List.)
3. Cache Cleaner
4. System Clean(Browser History, Clipboard, Market History, Gmail History, Google Earth History, Google Map History)
5. Save Battery Settings(bluetooth, wifi, gps, auto-sync, orientation, haptic feedback, screen brightness, timeout)
6. File Manager
7. Startup Manager
8. Batch Uninstall
9. Battery use
10. Volume Control
11. Ringer
12. Startup Time
13. Startup Silent(Menu->Settings->Startup Silent)
14. System Info
15. Widget(Quick Booster[1,4], Shortcuts[4])
16. App 2 SD(Support android2.2 and later):Get more free internal phone storage space
17. Batch Installation
18. App backup and restore.
Source : http://www.appsapk.com/android-assistant18-features/
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