Phone Financial Calculator

About Phone Financial Calculator

This a financial calculator for key personal finance equations. The user simply selects the desired calculation, enters key terms for the transaction, and presses “calculate” to see the result. Each section permits the user to examine multiple scenarios by altering terms such as interest rate, payment periods, payments amounts, or the amount of time applicable to the calculation. There is also a brief explanation for each calculation to provide basic insight as to when and why that calculation might be useful. It is a great tool for reinforcing basic principles about compounding and the value of regular investing and geared toward the high school personal finance student.

THIS APP IS DESIGNED TO RUN OFFLINE.

Calculations Include:

Calculate Future Values
Simple Interest
Single Payment Compound Interest
Equal Payment Compound Amount

Calculate Present Values
Single Payment Present Worth
Equal Payment Present Worth

Calculate Deposits or Payments
Equal Payment Sinking Fund
Equal Payment Capital Recovery (or Loan Payment)

Special Calculations
Credit Card Payoff
Compound Annual Growth Rate
Time to Double Investment Value

Terms and Conditions

The results provided by the calculations in this app are intended for illustrative purposes only and accuracy is not guaranteed. This calculator is not intended to offer any tax, legal or financial advice. Mister iCan LLC provides the calculations in this app as a way to help users understand key concepts for financial planning and provide a quick and easy way for users to explore “what if” scenarios by altering key terms or inputs into those financial equations.