(PRWEB) July 19, 2013
aCalculator.com, a website that offers free to use financial tools and calculators, has recently added a new IRR calculator to its list of more than 300 calculators. In order to help the users make the most out of the new tool, one of the website experts has shared a detailed account of IRR and how the newly added tool can help people in managing their investments.
According to the spokesperson for acalculator.com, the major objective behind the website's blog section is to help people understand some basic financial concepts and how calculators can be used to overcome issues related to various areas of finances. He said, "Many people are unable to get financial help because they don't understand what kind of help they need and where they will find it. That is why our website doesn't only share tools, it also shares the reason and optimal method to use the tool. That is the reason our experts consistently share their views and advice through highly informative blogs on our website."
In the IRR related blog, the expert first explained what IRR is and why it is calculated. IRR is explained by the acalculator.com's expert as the calculation of profit in an investment on a yearly basis. Explaining the reason why it is called the Internal Rate of Return, the expert stated that IRR does not consider external factors, such as inflation or interest rate.
Furthermore, the expert also highlights some of the major reasons why IRR must be calculated. "Finance savvy people are very concerned about IRR calculations. It helps them determine whether they should undertake a project or not. It helps them gauge the profit of their investment," the expert added.
All the tools available on acalculator.com are free to use. However, users can opt for a white label service for a small subscription fee. For a complete list of calculators, visit the website: http://www.acalculator.com.
acalculator.com is a newly launched website that offers budgeting and financial calculation tools for free. It was created by a panel of experts with experience in various areas of finance. The website currently features 300 different calculators ranging from mortgage calculator to long term care calculator. The website caters to users from USA, Canada and Australia by providing them essential tools to help them plan their financial future. To contact them, please use the following details.