Have you ever wondered how businesses determine product prices? It all starts with understanding the applications of margin and markup. Whether you're strategizing pricing for your own business or aiming to decode pricing psychology during your next shopping trip, knowing the difference between margin and markup can empower you to make informed decisions. To start,… Read More
Finance Articles
How Much Do I Have to Earn Per Hour to Afford the Cost of Living?
Even if you live frugally, there are some expenses that just can’t be avoided as an adult. There’s the food you need to eat. The mortgage or rent for the roof you live under. The car payments, public transportation tickets, or bike costs that you need to get to where you need to go. As… Read More
What Is the Return on a CD?
Anyone who is looking through the sea of investment opportunities is bound to come across the mention of a certificate of deposit — or CD — at one point or another. But, what exactly is a CD? How does it work, and how much return on investment can you expect from one, especially depending on… Read More
Also posted in Mathematics, Money
Tagged CD, certificate of deposit, compound interest, interest rate, investment
May 2, 2023
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How Does Compound Interest Work with Investments?
The world of investing is a wide one. For some, this is an exciting prospect. But, for others, it can be overwhelming. Regardless of whether you’re a novice or experienced investor, one finance topic you’ll have to understand and work with is the idea of compound interest. With compound interest, your money can serve you… Read More
Also posted in Money
Tagged certificate of deposit, compound interest, interest rate, investment, mutual funds
March 3, 2023
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CAGR vs IRR vs XIRR in Evaluation of Investment Returns
Investment professionals and individual investors often need to estimate the profitability of a given investment opportunity, or to retrospectively assess the results of past endeavors. Typically this is done with the idea of comparing two or more opportunities and deciding which one to choose. All other things being equal, the return of investment is the… Read More
Also posted in Money
Tagged cagr, investing, Investments, irr, net present value, npv, time value of money, xirr
February 6, 2023
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How Many Miles Per Gallon Do Different Hondas Get?
Honda makes some of the most popular car models in the United States. Anybody who is considering purchasing a Honda may want to know what to expect, including how long their car will last and how many miles they can expect to get per gallon. Gas mileage has a significant impact on the cost of… Read More
Also posted in Lifestyle
Tagged fuel efficiency, gas mileage, honda
January 31, 2023
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Getting Paid 45 an Hour is How Much a Year?
Being a gig worker — whether that means freelancing or consulting — used to be a rarity. In today’s economy, however, many people are choosing the freedom and convenience of freelancing because they prefer the perks of it to working in a traditional job. One of the biggest and most important questions to ask before… Read More
Also posted in Business, Money
Tagged freelancing, hourly pay, income, salary, work
November 24, 2022
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What is the Assumption of Break Even Analysis?
Most of us know what “to break even” means. In the context of a company earning a profit, breaking even means you didn’t lose money, but you also didn’t earn. For some companies just starting out, breaking even isn’t so bad, especially if you’ve invested money to start the business, or you’ve recently put a… Read More
What Are Different Motor Car Depreciation Rates?
Some assets appreciate with time and when that’s the case, it’s possible to sell them for a profit. Cars are an exception because they depreciate as soon as you drive them off the lot–or at least that has been the case traditionally. Motor car depreciation rates can be impacted by a multitude of factors: from… Read More
Also posted in Lifestyle, Money
Tagged car depreciation, car ownership, finance, saving money
August 25, 2022
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What is $15 an Hour as a Salary?: Is Your Pay Worth It?
Increasing the minimum wage in the United States has been a major topic of discussion recently. There are many who want to have the minimum hourly wage for workers raised to $15 an hour, compared to the $7.25 which it's set at now. Many might be wondering what $15 an hour would be as an… Read More
Also posted in Lifestyle, Money
Tagged hourly pay, minimum wage, pay, salary, taxes
June 28, 2022
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