Financial calculators can be excellent planning tools. By performing complex financial calculations, they can help you make tough financial decisions with a degree of confidence. Some financial questions can generally be answered with precision and certainty. If you know how much you must borrow, the interest rate you will pay and how long you will be paying off the loan, the size of your payment is readily available.
Other questions, however, require significant amounts of guesswork about future events and circumstances, most of which are beyond your control. Trying to determine what rate of return you might earn on your investments, what the inflation rate might be and what taxes you may have to pay . . . over the next 20 or 30 years! . . . all require educated guessing.
Yet, the use of calculators for financial estimating serves an important purpose: It provides a means for peering into the future, guiding you toward specific actions today that can help you achieve important goals tomorrow.
We hope you enjoy the Financial Calculators in our center and find them useful.