What are the types of financial calculators?
Financial calculators are of different types. Some of them are mentioned below:
Compound interest calculator
Daily compounding calculator
Amortization calculator
APY calculator
CAGR calculator
Car loan calculator
Credit card payments
Currency converter
Forex compounding
IRR calculator
Mortgage Refinance calculator
SIP calculator
What are the formulas used to calculate finance?
Simple Interest Allcalculator.net's
SI = P x R x T / 100
SI – Simple Interest
P – Principal amount
R – Interest rate per year
T – Time in years
Compound Interest
CI = P (1 + r/n) nT
CI – Compound Interest
P – Principal amount
R – R/100
T – Time in years
N – Number of compounding frequencies per year
Mortgage
Mortgage monthly = Principal x r(1+r)n / (1+r)n – 1
R – R/100
R – Interest rate
N – Number of months or periods
Equated Monthly Installment
EMI = P x r x (1+r) n / (1+r) n – 1
EMI – Equal Monthly Installment
r – R/100
R – Interest rate
P – Principal amount
N – Total Number of months
Certificate of Deposit
CD = P (1 + r/n) nT
CD – Certificate of Deposit
P – Principal amount
R – R/100
T – Time in years
N – Number of compounding per year
Present value
PV = FV / (1 + r) n
PV – Present Value
FV – Future Value
r – R/100
n – Number of periods or years
Future Value
FV = PV x (1+r) n
FV – Future Value
PV – Present value
r – R/100
n – Number of periods or years
R – Interest or discount rate
Inflation
Inflation (%) = (current CPI – Initial CPI / current CPI) x 100
CPI – consumer price index
What are the features of financial calculators?
Insurance needed
Goal Planner
Retirement Planner
SIP Tools – SIP calculator, SIP Planner, STP calculator, SWP calculator
Loan Tools
Fixed Deposit
Recurring Deposit