The authors found three different types of leaders: eclectic principals, instructional principals, and student-centered principals.

First chair of the violins is the principal. When you take out a loan, the amount of money you borrowed is called the principal. The principal of the firm just gave everyone a raise. Mary was the principal in the television series for 10 years.

Promote sentence example

1. His conduct of affairs was by earnest efforts to promote education and to develop the resources of the country.
2. In Sir Benjamin D’Urban Philip found a governor anxious to promote the interests of the natives.

An example of promote is to obtain financial aid for a local theatre production. An example of promote is to print information about soap in a magazine to increase sales. To promote is defined as to give a person a higher position. An example of to promote is for a boss to make a salesperson a manager.

A principle is a rule, a law, a guideline, or a fact. A principal is the headmaster of a school or a person who’s in charge of certain things in a company. Principal is also an adjective that means original, first, or most important.

The total amount of money borrowed (or invested), not including any interest or dividends. Example: Alex borrows $1,000 from the bank. The Principal of the loan is $1,000.

Let’s first start by defining the terms involved in simple interest. The principal is the money borrowed or initial amount of money deposited in a bank. The principal is denoted by a capital letter “P.” The extra amount you earn after depositing or the extra amount you pay when settling a loan.

The principal is the amount due on any debt before interest, or the amount invested before returns. All loans start as principal, and for every designated period that the principal remains unpaid in full the loan will accrue interest and other fees.

In order to determine what proportion of this payment is interest and principal, do the following. First, convert your annual interest rate from a percentage into a decimal format by diving the figure by 100. So, 5/ 100 = 0.05. Next, divide this number by 12 to compute your monthly interest rate.

Since your interest is calculated on your remaining loan balance, making additional principal payments every month will significantly reduce your interest payments over the life of the loan. Paying down more principal increases the amount of equity and saves on interest before the reset period.

Paying an extra $1,000 per month would save a homeowner a staggering $320,000 in interest and nearly cut the mortgage term in half. To be more precise, it’d shave nearly 12 and a half years off the loan term. The result is a home that is free and clear much faster, and tremendous savings that can rarely be beat.

Five ways to pay off your mortgage early

1. Refinance to a shorter term.
2. Make extra principal payments.
3. Make one extra mortgage payment per year (consider bi-weekly payments)
4. Recast your mortgage instead of refinancing.
5. Reduce your balance with a lump-sum payment.