Download Body of Work: Finding the Thread That Ties Your Story by Pamela Slim PDF

By Pamela Slim

EISBN-13: 978-1-101-61583-6

These days it's more and more infrequent to have a strong profession in any box. progressively more folks are mixing colossal corporation jobs, startup gigs, freelance paintings, and volunteer facet tasks. We take possibilities to extend our wisdom, functions, and event. yet how will we make feel of that sort of career—and clarify it?

Pamela narrow, the acclaimed writer of Escape from Cubicle Nation, supplies us the instruments to have significant careers during this new global of labor. She indicates how to define the connections between varied accomplishments, promote your tale, and consistently reinvent and relaunch your model.

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393%. The formula for weighted average is: Weighted Average [I1 ‫( ן‬L1 ‫ נ‬Lt)] ‫[ ם‬I2 ‫( ן‬L2 ‫ נ‬Lt)] ‫ ס‬W where: I1 ‫ ס‬interest rate, loan 1 L1 ‫ ס‬borrowed amount, loan 1 Lt ‫ ס‬total of amounts borrowed I2 ‫ ס‬interest rate, loan 2 L2 ‫ ס‬borrowed amount, loan 2 W ‫ ס‬weighted average On a spreadsheet program, enter the following values: A1 B1 C1 A2 B2 A3 B3 C3 ? 39 44 The Manager’s Pocket Calculator Calculating weighted average is not a complicated process, as long as the relative role of each loan is expressed in fractional form.

The annual interest rate has to be reduced to the periodic rate, and then the number of periods (normally months) is calculated. A visual look at this is shown in Figure 2-1. For monthly compounding, the annual rate has to be divided by a p of 12; for quarterly, p is 4. The resulting factor (which will be a decimal value less than 1) is then multiplied by the amount of deposit needed at the end of the period in order to find the value of the single deposit you need today. Example: You want to accumulate a fund of $8,000 in five years.

73 28 The Manager’s Pocket Calculator value. The sinking fund payment is a calculation of a series based on known assumptions. ’’ As you would expect, the formula for this calculation is more complex than for a single deposit. It involves figuring out compound interest over many months and based on a series of payments into a fund. Here is the formula for sinking fund payments: Sinking Fund Payments D ‫( ן‬i ‫ נ‬p) ‫[{ נ‬1 ‫( ם‬i ‫ נ‬p)]n ‫ מ‬1}) ‫ ס‬V where: D ‫ ס‬target deposit i ‫ ס‬annual interest rate p ‫ ס‬number of periods in the compounding method n ‫ ס‬periods until the deposit amount is needed V ‫ ס‬amount of periodic deposits required This formula is complex because it requires a double level of division functions.

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