About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

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How to Use a Loan Payment Calculator

The terms and conditions of a loan agreement clearly state the amount and number of installment payments required for repayment, but that happens at the end of the application and approval process. Using a loan payment calculator prior to that helps determine which lender to choose and makes it simpler to create a budget to meet their terms.

How a loan payment calculator works

There are three variables required to use a loan payment calculator. The first two are the amount of the loan and the annual percentage rate (APR). The third is the number of years it will take to pay the loan off. This is known as the “loan term.” Most calculators allow the user to compare multiple loan terms for budgeting purposes.

The objective is to find out how much the lender will require in monthly installment payments. Enter the loan amount, APR, and the term if the calculator requires it. Some loan payment calculators will automatically give the user 24-month, 36-month, 48-month, and 60-month output, so only the loan amount and APR are required.

It’s important to understand that APR is not the same as the interest rate. The APR includes interest and fees, so language is important. Many lenders advertise low-interest rates, and borrowers are surprised when they pay more than expected. Compare the APRs because that’s where lenders are more easily differentiated from one another.

Understanding APR, interest, and amortization

The annual percentage rate includes interest, fees, and other charges from the lender, so it will always be higher than the interest rate. During the life of the loan, those fees will remain constant. Interest payments may be “front-loaded,” with the bulk of them coming in the early months and years of the agreement. This is known as “amortization.”

A loan payment calculator won’t display an amortization schedule because each lender treats this differently. It should, however, show the relationship between interest payments and payments applied to principal during the life of the loan. Users can see the total amount they’ll pay in interest over the life of the loan and how changing the term will affect that.

Opting for a shorter term to save on total interest payments will not change the amortization schedule. That means that borrowers will still pay mostly interest in the early stages of the loan. That’s mostly irrelevant with unsecured personal loans, but it makes a big difference with mortgage payments when the borrower is trying to build equity in their home.

The Bottom Line

Calculating the payment amount is important. Loan payment calculators should be classified as an essential tool when shopping and applying for any type of loan. It’s important to know the amount of monthly installment payments and the effects of interest and APR on the loan. The “total amount paid” tells the borrower exactly how much it will cost to borrow the amount of money they need.

Another factor to consider is that knowing the monthly payment amount before applying for a loan gives the borrower the ability to create a budget to make those payments. Waiting for that information until the loan application has been processed and approved could cause financial unmanageability. The loan payment calculator can help prevent that.

 

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Name: Michael Bertini
Email: michael.bertini@iquanti.com
Job Title: Consultant

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