CalculatorSoup Financial Calculators Provide Valuable Tools for Borrowers, Savers, Investors and Business Websites
Southborough, MA (PRWEB) July 30, 2013 -- The free, online calculator resource, CalculatorSoup®, enables parents, students, homebuyers, retirees, investors and business people to use its tested financial calculators for figuring loan payments for school, cars and homes and for financial planning and investing. Anyone planning for retirement will find a simple retirement savings calculator and detailed investment calculators. New this year are calculators for calculating returns on annuities, savings accounts, CDs and the interest rate required to double savings within a certain time.
“With the housing market recovering, and parents and students seeking ways to pay for college and car purchases, easy-to-use calculators for borrowers to figure out expenses and plan their futures are in demand,” said Calculator Soup CEO and developer Ed Furey. “Our calculators are tools that can empower borrowers, saving them time and money as they navigate the new financial landscape.”
“Calculator Soup continually responds to requests for new calculators and features,” said Furey. He recently added a link for creating and printing amortization schedules on all the loan-related calculator results.
Chad McConnell, Financial Service Representative for First Commonwealth Bank, said, “I find the recent addition of tax calculations to the fixed annuity and CD calculators very useful. The calculators are fantastic tools that help support sales of our financial products.”
Popular new financial calculators include How Much Car Can I Afford?; Annual Percentage Rate (APR) Calculator for the real yearly cost of a loan; Rule of 72 Calculator for the number of years it takes to double an investment at a given interest rate—handy for those planning retirement; and How Much House Can I Afford? Investors will find calculators for annuity payments, depreciation schedules and future value, plus a new investment inflation calculator.
Mike Kane of MG Kane Properties Inc. uses the calculators in his business. “I am a commercial real estate developer and often use the loan and mortgage calculators and create amortization schedules for myself and my clients,” he said.
Most of the calculators provide explanations and formulas and are complete with terms, definitions and references, which support the calculations. For example, present value and future value calculators, the core of time value of money analysis, include explanations and derivations of formulas related to annuities, investments, mortgages, loans, compounding and interest.
Many Calculator Soup financial calculators have pop-up versions that businesses can add to their websites to enhance their visitor and customer experience. Mobile versions are available at m.calculatorsoup.com.
This year Furey will publish additional calculators for investors, financial planners and anyone planning retirement.
About CalculatorSoup®
CalculatorSoup® has over 250 free, online calculators for calculations in Algebra, Finance, Fractions, Geometry, Loans, Statistics, Time, Trigonometry and Unit Conversions. Calculator Soup keeps the calculators user friendly and adds features upon request. For more information, visit http://www.calculatorsoup.com, e-mail ed(at)calculatorsoup(dot)com or call 508-231-1331.
Cynthia Whitty, [email protected], 508-881-6297, [email protected]
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