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Best financial calculator 2018 – [Buyer’s Guide]Last Updated March 1, 2019
Best financial calculator of 2018
Come with me. Customers need to be careful on how they spend their money on these products.
After carefully examining the reviews and ratings of the people who have used them earlier this listicle has been made. Below you can find 3 reviews of the best financial calculator to buy in 2018, which I have picked after the deep market research.
Test Results and Ratings
Why did this financial calculator win the first place?
The product is very strong. Its material is stable and doesn’t crack. I don’t know anything about other models from this brand, but I am fully satisfied with this product. I really enjoy the design. It is compact, comfortable and reliable. And it looks amazing! I was completely satisfied with the price. Its counterparts in this price range are way worse.
Why did this financial calculator come in second place?
This is a pretty decent product that perfectly fitted the interior of our office. I like this product. For such a low price, I didn’t even hope it to be any better. It’s decently made. Managers explained me all the details about the product range, price, and delivery. Seems that the material is good. It has a very beautiful color but I don’t really like the texture.
Why did this financial calculator take third place?
It doesn’t squeaks nor bents. Looks great in my apartment. This price is appropriate since the product is very well built. I hope that the good reputation of the manufacturer will guarantee a long-term work. I liked the design. We’ve been using it for 2 months and it still looks like brand new.
financial calculator Buyer’s Guide
These are the calculators that made the stage for the graphical calculator. Scientific calculators are widely used to calculate various types of equations in the fields of like science, engineering and mathematics. Normally these calculators will have single line display but this single line is able to show a lot of digits. You will know about graphing calculator after a while. Single most difference between a graphing calculator and a scientific calculator is their display. Graphing calculator is able to show 2D and 3D charts with colors. Choosing a quality scientific calculator might seem tricky for many students. This guide will help you to select the best suitable one for your purposes.
Financial calculators are also known as business calculators. These calculators are made to solve your business and finance related equations.
If you work in a bank or your job role is related to finance, then this calculator is for you.
Graphical calculators were first invented by Casio company. These calculators are designed to show graphs on its screen. You will also be able to solve multiple equations with this calculator. You will also be able to program this calculator in your own way.
It is easily differentiable a graphical calculator from a general-purpose calculator. Graphical calculators have widescreen because they are designed to show graphs for users. The large screen easily shows charts in the X-Y plane. In today’s world, most graphical calculators are able to show graphs in X-Y-Z (3D) plane and with colors.
A printing calculator is not different than a basic calculator. The only difference is you can print every input you place in a printing calculator that you cannot do with a basic calculator. Accountants use printing calculators a lot for their works. Theses users input line by line and they want to keep their inputs as records. Cash registers also use printing calculators but their calculators have some added functionalities for easy tracking of their retail sales.
Using Calculator as a Teaching Tool
Some instructors like to use a calculator as a teaching tool. Normally they do it in their upper-level classes of mathematics and science. Students cannot easily see a small sized calculator. So, some manufacturers make specialized calculators for classrooms.
Financial certification exams
Will you be taking a financial certification exam like CFP or CFA? If the answer is yes then you need to know that some organizations prohibit the use of any kind of calculator that’s capable of storing text. Regarding the calculator policy of the CFA Institute, it accepts certain financial calculators whereas the CFP Board of Standards accepts calculators that have an IRR function and which don’t have alphabetic keys.
HP 12CP Financial Calculator
The HP 12CP is a very powerful calculator designed for finance, accounting, real estate, economics, and business work. It has both RPN and Algebraic modes of entry, enough memory to handle a maximum of 400 steps and approximately 130 built-in functions. This is designed for more demanding financial professionals and the extra cost shouldn’t be an issue if you want more performance.
There are lots of customizing abilities for this model as this one offers a nice mix of statistic, math, and business functions. The memory can handle up to 39steps and keystrokes can be programmed. Having certain select business functions right at your fingertips feels very intuitive.
The LCD display is an easy-to-read one line x 10-character screen that displays results nicely even at an angle. With this unit, you can calculate TVM loans, leasing, and savings and stuff like Amortization Bond price, cash flow analysis. The IRR memory accepts up to 80 cash flows, which is a huge improvement compared to the 12C which was only able to store 20.
Something great about this model is the addition of advanced editing abilities such as the new ”Undo” and ”Backspace” buttons. The metal backplate is fitting for engraving and this makes it a nice addition to any desktop. It’s fully permitted for use on the CFA and CFP Certification exams as well as for the GARP FRM exam. HP has great customer support in case you’re having any difficulties with the unit and the official page for this product on their website delivers some useful educational resources and tutorials.
A valuable tool for any finance class or business related work, the HP 12CP is a well-polished device that deserves the attention of those who want more out of their financial calculators. It allows you to make entries quickly and it has all the essential functions required by the CFA exams. Considering the excellent features per price ratio, this model is strongly recommended.
Designed with maximum flexibility in mind and having an excellent performance per price, the Casio FC-200V is the ideal choice for those who don’t want to spend more than it’s necessary on a financial calculator. With an included battery back-up and a slide-on hard case, this device is extremely handy for any financial class.
The calculator comes with the Direct Mode Keys that can be used to access exclusive modes to execute a financial calculation. You can see the results on a full-dot 4-line display and the device enables easy input, change, confirmation, and correction of each parameter. Another thing that you can find is comma-markers display function with digits.
Calculating depreciation can be done by using the straight-line method, sum-of-the-years digits method, fixed percentage method or the declining balance method. Using the data input/period input you can make bond calculations to find out the bond purchase price and the annual rate of yield. Other computations that can come in handy are the sales and leverage within the break-even point. The calculator has shortcut keys that can store certain parameter values or settings applied for specific computations and can be recalled for future calculations. This makes it easier to work as it improves your efficiency for repeated calculations.
The manual for this financial calculator goes quite in-depth providing easy to understand explanations of the functions and gives you the correct formulas to work with, which is a nice addition to exams. This is a solar powered device and Casio supplies a nice slide-on hard case and a battery backup. It’s rare to see so much dedication to enhance the experience of using a financial calculator considering the low cost of this model.
Easy to use, more intuitive than other models that are also more expensive, the Casio FC-200V is a solid companion for dealing with any financial calculations. The manual for this calculator actually feels way too thick considering how simple the calculator is, but there are quite a few tricks to master which you can learn in no time. Taking into account the price bracket where this product belongs, you can’t go wrong with such a minimal investment.
The Sharp EL-334WB is the best business calculator in our choice. It has 1digits large LCD display with fold up kickstand. Cost, sell and margin keys helps to quickly and easily calculate profit margin. It has other basic features like double zero button, grand total etc, which are must have for a business calculator.
It is so much faster typing on this, and having a literal “paper trail” is worth the bulk. The reason for the paper trail is putting information for specific accounts, for the actual paperwork. These are industry standard as far as I know. For home accounting, I just use a CASIO hand calculator as well as the calc in the computer. A lot is done on the computer but you still deal with a lot of paperwork.
The TI does use CHAIN, while its not RPN (no “+” entry) it does result (of course) in different answers than the algebraic method.
Compare home loans
With our home loan comparison calculator, compare two different home loan options by adjusting variables such as interest rates and loan term. You can also select the Wealth Package option for one loan to see how much you could save.
Decide on the right level of cover for your situation based on your loan type, amount, interest rate and term.
What to look for at an open house
High PMI rates for lower credit scores prompt many buyers to use an FHA loan. Unlike conventional loans, FHA loans do not charge higher mortgage insurance rates, even for applicants with very low scores.
Another factor that might affect your PMI rate: the mortgage insurance company itself.
Many PMI companies exist, and your company is usually chosen by your lender. However, you do have some say in the choice. If you know a particular PMI company that offers the best deal, ask if your lender works with them.
If not, the lender may be able to provide a similar offer from a different PMI provider, or you can choose a lender that works with your chosen mortgage insurance company.
The potential buyer’s debt-to-income ratio also plays a factor since it, too, can reveal good or poor financial prudence.
When it comes to buying a house, lenders factor in all debt to determine the total mortgage payment, including the loan, homeowner’s insurance, and real estate taxes.
Many lenders want this ratio to be less or equal to 3percent of the borrower’s income, says Sam Mischner, senior vice president, sales and client management for Lending Tree in Charlotte, N.C.
But many lenders will issue loans up to a forty-three percent debt-to-income ratio, the limit set by recent federal legislation.
With a good credit score, you can qualify for more house and a bigger payment than you probably think.
Closing costs will involve fees such as a lender’s origination fee plus vendor fees like the appraisal, title insurance, and credit reporting fees, says Titsworth.
Sometimes, a lender or seller will pay all or some of these expenses depending on the strength of the market and desire to close the transaction.
When buying a rental or investment property, the seller can contribute only two percent with any downpayment amount.
Conventional loan vs government loans
There are dozens of mortgage loans available to home buyers today. In general, though, mortgages can be divided into two broad categories — government-backed loans and conventional loans.
Government-backed loans are loans for which mortgage lenders are protected against loss via government insurance program.
The most common government-backed loan is the FHA loan, which is insured by the Federal Housing Administration. FHA loans got their start in 1934, and helped to reboot the U.S. housing market after the Great Depression.
FHA loans worked so well that the Department of Veterans Affairs sponsored a similar program for military personnel returning from war in 1944.
With the creation of the G.I. Bill that year, the VA Home Loan Guaranty program was established, which guaranteed lenders against loss on mortgage loans made to veterans.
Assess Your Needs
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Working with carefully selected insurance partners, these programs can provide discounted rates for credit union members, online services, and 24/claims service.
If you haven’t compared auto or home insurance rates lately, it’s a great time to take a look. Your credit union membership could result in some nice savings.
TruStage™ Auto and Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
First of all thanks for reading my article to the end! I hope you find my reviews listed here useful and that it allows you to make a proper comparison of what is best to fit your needs and budget. Don’t be afraid to try more than one product if your first pick doesn’t do the trick.
Most important, have fun and choose your financial calculator wisely! Good luck!
So, TOP3 of financial calculator
- №1 — Texas Instruments BA II Plus Financial Calculator
- №2 — HP 10bII+ Financial Calculator
- №3 — HP 12CP Financial Calculator