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Mini Finance Calculator is a easy-to-use Finance calculator.It give you the ability to calculate the time value of money, interest rates, cash flow, and depreciation. Additionally, you can view, print, and save amortization schedules.
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Mobile Financial Calculator
A Handly finance Calculator for your phone, you no longer need to put a hp12c calculator in the handbag.
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How to use
To calculate a loan payment:
1. Enter the number of loan payments in the Number of Periods field.
2. Enter the annual interest rate.
3. Enter the loan amount in the Present Value field.
4. Set the Payment Frequency.
5. Set the Payment Time.
6. Press the Payment button.
For example, to calculate a $100,000 mortgage payable at 6% over 30 years,
enter the following values:
Number of Periods = 360 (which is 12 months กไ 30 years = 360 periods)
Annual Interest = 6
Present Value = 100,000
Future Value is assumed to be zero.
When you press the Payment button, the result is 599.55.
To calculate the number of payment periods:
1. Enter the annual interest rate.
2. Enter the present value.
3. Enter the payment amount as a negative number.
4. Enter the future value. Can be left blank if paying off a loan.
5. Set the Payment Frequency.
6. Set the Payment Time.
7. Press the Number of Periods button.
For example, if you borrow $20,000 and want to pay it back at a rate of $500
a month along with 6% interest, enter the following values:
Annual Interest = 6
Present Value = 20,000
Payment = -500
Future Value is assumed to be zero.
Payment Frequency = Monthly
Payment Time = End of Period
When you press the Number of Periods button, the result is 45 months.
To calculate the interest rate:
1. Enter the number of payment periods.
2. Enter the present value.
3. Enter the payment amount as a negative number.
4. Enter the future value. Can be left blank if paying off a loan.
5. Set the Payment Frequency.
6. Set the Payment Time.
7. Press the Annual Interest button.
For example, if you borrow $80,000 and want to pay it back at a rate of $400
a month for 30 years, enter the following values:
Number of Periods = 360
Present Value = 80,000
Payment = -400
Future Value is assumed to be zero.
Payment Frequency = Monthly
Payment Time = End of Period
When you press the Annual Interest button, the result is 4.39%.
To determine how much you can borrow for a given timeframe and payment:
1. Enter the number of payment periods.
2. Enter the annual interest rate.
3. Enter the payment amount as a negative number.
4. Enter the future value. Can be left blank if paying off a loan.
5. Set the Payment Frequency.
6. Set the Payment Time.
7. Press the Present Value button.
For example, if you can afford to pay $300 a month for 15 years at a rate of
7.5%, enter the following values to determine how much you can borrow:
Number of Periods = 180 (which is 12 months กไ 15 years = 180 periods)
Annual Interest = 7.5
Payment = -300
Future Value is assumed to be zero.
Payment Frequency = Monthly
Payment Time = End of Period
When you press the Present Value button, the result is $32,362.03.
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