Sony Universal Warner and EMI the worst companies in 2007
RIAA wins the “Worst Company in America 2007”. The RIAA is mainly EMI, Sony, Universal and Warner.
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How to convert APR to interest rate
If you don’t know your interest rate (IRR), but only have your APR, there is a way of figuring out the actual interest rate on Excel. For this, you need to know your EMI (monthly payment), duration of the loan (number of months) and principal (amount you borrowed). Let’s assume your EMI is 2,000 and you are paying over 5 years (60 months) on a loan of 100,000. Use Excel’s RATE function. In this example: ...
How to calculate principal repayment
Answer: use the CUMPRINC function in Excel Say you take a 10-year lease for 100,000 at an interest rate (IRR) of 10%, paid annually. The installment for this lease is 16,275. You can calculate this using the PMT function in Excel: PMT(10%, 10, 100000) = -16275 You’ve made 5 payments over 5 years. At this point, if you decide you want to repay the full lease, how much do you have to repay? In other words, what’s the principal outstanding after 5 years? ...