FINANCIAL CALCULATORS

Since “seeing is believing” we offer you a variety of calculators  that will enable you to immediately see the outcome of various financial scenarios? For example, find out how much will you have in ten years if you put $20 a week in an interest-paying savings account. You can also determine the amount that will be needed for a specific future event—e.g., retirement or college—or demonstrate the economic value of a transaction.

Future Value of a Single Sum Calculator
This calculator demonstrates the “magic of compounding” by showing you how quickly a single investment can grow over time.

Future Value of Periodic Payments Calculator
This calculator offers another example of the “magic of compounding” by showing how quickly even relatively modest monthly payments can grow over time. Just think what the money you spend weekly on lattes or other luxuries could be worth in 5 or 10 years if deposited in an interest-bearing account!

Loan Comparison Calculator
Use this calculator to compare the monthly and total interest payments that you will pay under up to four different fixed payment loan scenarios.

Mortgage Refinancing Calculator
Use this calculator to help you determine if you should refinance your current mortgage at a lower interest rate. It lets you see the monthly payment and net interest savings after refinancing, as well as how many months it will take to break even on the closing costs.

Credit Card Minimum Payment Interest Calculator
Use this calculator to determine the financial impact of making only the minimum required payment on your credit card bill each month. See how long it will take to pay off your balance (up to a maximum of 600 payments) and how much interest you will pay over that time.

Debt Investment Calculator
Use this calculator to see how much you can save by increasing the monthly payment on even one of your outstanding debts.

Non-Monthly Payment Calculator
Non-monthly payments that only occur a few times a year can wreak havoc on a well-planned monthly budget. Use this calculator to determine how much you will need to set aside each month in order to make your non-monthly payments as they come due.

Real Hourly Wage Calculator
Everyone knows the difference between their gross (before-tax) and net (after-tax, health insurance and other applicable deductions) pay. This calculator lets you calculate your “super-net” pay factoring in other recurring work-related expenses such as commuting and daycare.