Why Should I Invest In A Financial Calculator? 

Let me introduce you to the fourth member of the calculator family, the financial calculator. Like its siblings, the basic calculator, the graphing calculator and the scientific calculator, the purpose of a financial calculator is to do the heavy lifting for you as you journey through the maze of financial calculation. The financial calculator, often called a business calculator, is designed to perform the many mathematical functions necessary to enable business and commerce.

“But I have a great scientific calculator,” you say. “Why should I spend more money on a financial calculator when I can perform most financial functions on the calculator I have?” The answer is SPEED!  Using your scientific calculator may get you to the same destination, but the business algorithms built into a financial calculator can cover the distance with lightening speed. This ability to calculate quickly can make the difference between successfully crossing the finish line and being left at the starting gate.

What Can A Financial Calculator Do For Me?

Think about the edge you’ll have with a financial calculator to crunch numbers for you. Life in the 21^st century is incredibly fast-paced. Success can be gained or lost in the blink of an eye. Don’t miss out on the opportunity of a lifetime because you’re slow coming up with answers to financial questions. Now that I’ve got your attention, let’s take a look at how to make the most of your partner in financial calculation. The speed of the financial calculator comes from pre-set, stand-alone keys that make many financial calculations and functions available at the click of a button. Many are also programmable, allowing you to customize your device to meet your specific needs.

Like all other electronic devices, the financial calculator needs good input to produce good data. The old Computer Programmer adage, “garbage in, garbage out,” is also true of the financial calculator. These amazing mathematical aids are fast, but DUMB. They rely on us for their information, so attention to detail is imperative. Given accurate information, a financial calculator can easily calculate any of the parameters of future value (FV), number of compounding periods (N), interest rate (I/Y), annuity payment (PMT), and starting investment. A few examples of these defining parameters are:

            Real Estate calculation, including:  mortgage calculation, amortization, mortgage payoff,                       lease calculation, and refinance.

            Loan calculation, including:  personal and auto loan calculation, interest, and payments.

            Investment calculation, including:  inflation, currency conversions, and compound                                interest calculation.

            Personal calculation, including:  budget calculation, take-home pay, income tax, and                             retirement.

How Do I Choose The Right Financial Calculator?

So, I’ve convinced you that owning a financial calculator is a good idea. The next question is which one is right for you?  That depends. First of all, why do you need a financial calculator? If you are taking a few finance courses, for example, you can get by with a less expensive model than if you are working as a professional in the financial arena. Secondly, how much do you want to spend? If you are simply trying to pass those finance courses, both the Hewlett Packard HP bll + or the Texas Instruments TI BA ll Plus will do the job admirably for under $35. If, however, business finance is your career choice, do a little research before you buy. Getting all that you need in a quality financial calculator may be more expensive, but the return on investment is well worth the initial cost.

If you see a financial calculator in your future, why not trade in any calculators that you no longer need or use to reduce the cost of your purchase. We are a premier buyback destination for used calculators offering stellar customer service, quick turn-around time, and competitive pricing.

Contact us today for more information on our calculator buyback program.