This calculator easily answers the question “Given the value of my current investments how much do I need to save each month to reach my retirement goal?”
The user enters their “Current Age”, there expected “Retirement Age”, the “Annual Interest Rate (ROI)” (annualized Return on Investment one expects to earn) and “Amount Desired At Retirement”.
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
Use this calculator to calculate loan details when the down payment is expressed as an amount.
Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the “Price of the Car”, the “Down Payment Amount” or the “Amount of the Loan”. Just enter a “0” (zero) for one of the three values and provide the other two.
Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.