A financial calculator is an electronic calculator designed to perform financial functions commonly needed in business and commerce communities. It has standalone keys for many financial calculations and functions, making such calculations more direct than on standard calculators. Some of the financial functions that a financial calculator can perform include simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, and more. Financial calculators can be user programmable, allowing the user to add functions that the manufacturer has not provided by default.
One of the benefits of using a financial calculator as opposed to a basic calculator is that you can program it to add specific functions that are applicable to your work. Even if the manufacturer doesn’t offer certain equations as an option, you can program your device in order to calculate any necessary equations. These are often fairly simple to program, so you should be able to do it on your own without any real in-depth programming knowledge.
Financial calculators are used to calculate not only basic mathematics but also financial matters such as mortgages, loans, investments, debt, credit cards, retirement, and more. They can factor in variables such as interest, fees, and taxes to help you make informed decisions about your finances.
Overall, financial calculators are useful tools for anyone who needs to perform financial calculations on a regular basis, such as business professionals, accountants, and investors. They can save time and provide accurate results for complex financial calculations.
