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A guide in checking out the latest currency rates.

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You can check this link for the latest peso equivalents of different currencies in the world. Currency Rates compared to Philippines Peso

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Benham Rise would make the Philippines a gas-rich country

The Philippines will gain 13 million hectares in additional territory, an area slightly smaller than Luzon, should the United Nations approve next year the government’s claim on a region off the coast of Isabela and Aurora, Environment Secretary Ramon Jesus Paje said on Monday.

Paje said the undersea region, called Benham Rise, could turn the Philippines into a natural gas exporter because of the area’s huge methane deposits.

Studies conducted by the Department of Environment and Natural Resources (DENR) for the past five years indicate large deposits of methane in solid form, Paje said after a Senate budget hearing.

The government is only awaiting a formal declaration from the UN Convention of the Law of the Sea (Unclos) that Benham Rise is on the country’s continental shelf and therefore part of its territory, Paje said.

Source: inquirer

Read Full Story about Benham Rise from Inquirer

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Discover the Power of the MasterMind

THE LAW OF SUCCESS and THINK AND GROW RICH

Discover the Power of the MasterMind and How the MasterMind works to bring you everything you want.

Enter your email to get 7 chapters on the MasterMind Alliance Principle from Napoleon Hill’s Books

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The importance of getting life insurance

Life insurance in my 30s? Too early!

By: Efren Ll. Cruz

>Question: Why do I need to get life insurance when I am still young?—Young Urban Professional

For some reason, I can hear Richard Harris playing his favorite character of an old leader full of wisdom and experience, whether as Albus Dumbledore in the earlier Harry Potter movies or as Marcus Aurelius in Gladiator, and reacting to the above script with the line, “Ah, the folly of youth!”

I was once, and still prefer to think of myself as a yuppie. Alas, my age shows for even the use of the word yuppie is not in vogue anymore. Nevertheless, it is said that experience is the best teacher. So let me relate my experience as far as life insurance goes.

I believed I was superman in my late 20s and early 30s. I had a promising career with an attractive pay. I had lots of plans, all of them grand. So why would I need to get life insurance? The first life insurance I got was sold to me by the unit head of the aunt of a girlfriend who I didn’t end up marrying. As soon as my girlfriend and I broke up, I discontinued the life insurance policy.

The next insurance policy I bought was from a guy who belonged to the same religious group I was a member of. Because of his persistence, I reluctantly bought up to P1.5 million in life insurance coverage from him.

Do you see the pattern? I was buying life insurance only because it was being sold by friends and not because I saw it as something I genuinely needed. And then it happened. While undergoing an ultrasound for a suspected kidney stone, I was diagnosed as having the potentially life-threatening polycystic kidney disease or PKD. While my father had it, I was made to believe by my relatives that PKD would skip a generation. I was frantic to say the least. There’s nothing like the prospect of a shortened life to jolt you into action. I searched the Internet for organizations that supported research on PKD. I found one with a banner in its home page saying, “Don’t worry, you are not alone.” I checked the visitor count and found that I was visitor number 3. I visited the next day and found that I was visitor number 4. Well, so much for not being alone.

What was worse was I began to worry about my family. Questions like “When I’m gone, would they even have enough to eat?” and “Will my children still be able to go to school?” haunted me. And I had every reason to worry because my father died at the age of 44, leaving behind a 39-year-old wife and three children.

I looked at my life insurance policy and quickly determined that P1.5 million would not last long for my family. Unfortunately, I could not be insured for any additional coverage anymore. Whereas before I was being chased by insurance agents, now I was chasing them. One insurance company after another would deny me coverage. They would not even give me coverage at a higher premium or what they called “rated.” It was too late for me.

None of us know when our appointed time to leave this world is. We may live long or not. We may depart via a sickness, accident or through the normal aging process. But unless we are born into wealth, the typical path is that we have lesser savings and more expenses when we are younger. Only when we get older will we have more savings and lesser expenses. The problem occurs when we are called from this life early? What happens to those we leave behind? You may not have your own family yet, but what of your siblings and even parents?

Life insurance is a must. Don’t run away or hide from the insurance agent. He or she is persistent and seemingly pesky only because people have yet to realize the real need for life insurance. It is funny that we tend to insure our properties first before our life or what I can insuring bahay before buhay. But isn’t it true that it is the productive capacity of our life that gives birth to all of our properties?

So next time an insurance agent comes knocking, welcome him or her. He or she will be carrying the protection you will need against the risk an untimely demise. Buy early in your career as it is not only the time when you need it most but also the time when premiums are cheaper.

Stay safe and protected.

Source: inquirer.net

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How to Calculate IRR in Excel

Calculate IRR in Excel
Microsoft Excel is spreadsheet software used for everything from basic calculations to complex computations. One of the features of Excel is its built-in formulas. One of the complex calculations it can do is IRR (internal rate of return). Businesses use IRR to determine whether or not to undertake a project.


Things You'll Need
Microsoft Excel
1

Open Microsoft Excel.

2

Create a two-column table--one column titled "Year" and the second column titled "Cash flow." For this example, assume $75,000 has been invested in a business. The return from that $75,000 will be tracked over a 10-year period. Initially, the return on the investment will be small but through time it should grow.

3

Enter the numbers 1 through 10 in the "Year" column.

4

Enter the following numbers for each of the years: "-75,000, 2,000, 4,000, 5,000, 7,000, 10,000, 20,000, 100,000, 250,000, 325,000". The "-75,000" should be in the row for Year 1; 2,000 should be in the row for Year 2, and so on. The "-75,000" is entered because that is the amount spent/invested in the business. The other numbers are positive because the hope is that there will be a positive, increasing return on the investment.

5

Enter "=irr" in Row 12.

6

Select the "Cash Flow" column values for the calculation.

7

Enter "0.2" as a "guess." The guess is that the return on the investment is 20 percent. Then enter the closing parenthesis of the formula. If the guess portion of the formula is omitted, Excel assumes the guess is 0.1 which is 10 percent.

8

Press "Enter." The internal rate of return for the investment is 34 percent. This means that the return on the $75,000 investment is 34 percent over the course of the 10-year business.

Source: ehow.com

Read more: How to Calculate IRR in Excel | eHow.com http://www.ehow.com/how_4969044_calculate-irr-excel.html#ixzz1TmwxSmsb

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