# Guess What? You’re Buying Me a New House. How To Calculate Damages Using the Cost Approach.

Posted June 23rd, 2016.

Categories: The Calculating Lawyer.

If the business next door is destroying your property, they may have to replace your property. One way to determine what they’ll actually pay you in damages is the “cost approach.”  Instead of comparing the value of your property to other similar properties in the neighborhood — which is the sales comparison approach which I discussed […]

# Present Value: What if I could get tomorrow’s money today?

Posted June 20th, 2016.

Categories: Employment Law, The Calculating Lawyer.

Present value is the opposite of future value but can be calculated using the same formula. Instead of asking what value present-day money will have in the future, the calculation for present value asks what value future money will have today (if it were paid today). When calculating the present value of an amount due in […]

# The Neighborhood’s Going to Hell! So Sue Your Neighbors For Destroying the Value of Your House!

Posted June 16th, 2016.

Categories: The Calculating Lawyer.

Some people have the greatest neighbors. Not everybody. When your neighbor is a manufacturing plant, a fracking operation, or a poorly managed dog kennel, you may have a legal claim for nuisance, trespass, waste, or  other claims. You may have a right to sue for damages — but how much?  How do we determine the […]

# What’s My Reputation Worth? Fire Me and Find Out

Posted June 14th, 2016.

Categories: Employment Law, The Calculating Lawyer.

Can a victim of employment discrimination recover damages for her blemished reputation? That depends. If framed in terms of lost future earnings, a discharged worker may be able to recover even non-pecuniary losses — those kinds of damages that look more like “pain and suffering” or “loss of goodwill” than loss of front pay. The […]

# Lottery Winner’s Dilemma: Lump Sum or Annuity? Calculating the Present Value of an Annuity.

Posted June 9th, 2016.

Categories: The Calculating Lawyer.

What if you won the lottery tomorrow, and your jackpot was \$60,000 a year for 15 years? That would come to \$900,000!  But, of course, you would have to wait 15 years to collect it all. What if you could take a smaller amount today in a single lump sum payment? What amount today would […]

# Growing the Trust Fund: How much do you need today?

Posted June 8th, 2016.

Categories: The Calculating Lawyer.

So you want to stash away some money for your children —  a trust fund.  Or perhaps you need to fund a support trust for an elderly family member. If you want the fund to generate the same amount of money every year, year after year, then you need to consult the simple formula for the present value of […]

# Refresher Course 103: Rate of Return

Posted June 7th, 2016.

Categories: Employment Law, The Calculating Lawyer.

The Rate of Return (ROR) is a generic reference to the gain or profit derived from a certain decision, investment or action. There are, in fact, many different kinds of rates of return, and a variety of formulas for determining the benefit or profitability of decision, investment or action. Calculating rates of return is another […]

# Refresher Course 102: Determining Probability

Posted June 6th, 2016.

Categories: Employment Law, The Calculating Lawyer.

The probability of a single event happening is the number of desired outcomes divided by the number of possible outcomes. It is the number of ways in which an event can occur divided by the number of possible events. To determine a probability, we start with a fraction. So, for example, if we wished to determine the […]

# Refresher Course 101: Simple Interest

Posted June 3rd, 2016.

Categories: Employment Law, The Calculating Lawyer.

Before we dive into formulas, let’s review some basic calculations, including the equation for calculating simple interest. Because money has time value, we apply interest as the basic equalizer. Simple interest calculations account for the time value by raising the principal to a higher number. Calculating interest is a very basic and commonly understood process, […]

# Fired but Not Forgotten: How To Calculate Back Pay

Posted June 2nd, 2016.

Categories: Employment Law, The Calculating Lawyer.

Fired!  Aha, but not forgotten!  You intend to collect all of the “back pay” that is rightfully yours. Back pay is the amount of compensation that would have been paid to the employee had he/she not been wrongfully terminated from employment – up to the point that front pay is calculated. In effect, back pay runs […]

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