10 essential apps to help you calculate financial values more easily and quickly. These apps include (1) Home Loan, (2) Car Loan, (3) Personal Loan, (4) Retirement Plan, (5) Provident Fund, (6) Compound Interest, (7) How Long Will My Money Last?, (8) How Much Should I Withdraw?, (9) Unit Price Comparison, and (10) Break Even Point.
(1) Home Loan
• Calculate monthly housing/mortgage payments
• Calculate new monthly payments, how much interest could be saved, and how fast loans could be paid off, when adding extra monthly payments
• Show the table of each payment by amount, interest, principal and balance
(2) Car Loan
• Calculate monthly car payments
• Convert between flat rate and effective rate automatically
• Show the table of both flat rate and effective rate
(3) Personal Loan
• Calculate monthly loan payments
• Calculate new monthly payments, how much interest could be saved, and how fast loans could be paid off, when adding extra monthly payments
• Show the table of each payment by amount, interest, principal and balance
(4) Retirement Plan
• Calculate monthly savings needed to contribute to the retirement plan
• Have options to change interest rate and inflation rate before retirement (assuming that interest rate after retirement is equal to inflation rate)
(5) Retirement/Provident Fund
• Calculate amount of money at retirement from current retirement/provident fund, employee contribution, employer match and investment gain
• Plan your desired amount at retirement by changing your employee contribution
• Show the table of salary, employee contribution, employer match and balance
(6) Compound Interest
• Calculate compound interest from principal and monthly deposits
• Choose whether interest will compound monthly, quarterly, semiannually or annually
• Show the table of each month’s interest, accumulated interest, and balance
(7) How Long Will My Money Last?
• Calculate how long your savings will last when withdrawing regularly
• Show the table of monthly withdrawals and how long your money will last
(8) How Much Should I Withdraw?
• Calculate how much money should be withdrawn, from savings, every month or every year until your money runs out
• Show the table of different years your money will last and how much money could be withdrawn monthly
(9) Unit Price Comparison
• Compare the unit price of 2 items, then show which item is cheaper and how cheaper it is by amount and by percent
• Conclude that if buying the cheaper item, how much money will be saved
(10) Break Even Point
• Calculate the number of units at which total costs equal total revenues
• Show the table of profits in different sale units
Note: Total fixed costs are all costs that remain constant and don’t depend on the volume such as rent and salary. Variable costs are costs that change in proportion to the volume such as raw materials and packaging.
***This app is intended for illustrative and general information purposes only.***
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