Financial calculator

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HP-12C financial calculator including functions to calculate depreciation and net present value. Financial Calculator Hewlett-Packard HP-12C built from 1981, this item produced 1988 (edited to remove background, warmer colours).jpg
HP-12C financial calculator including functions to calculate depreciation and net present value.
Backside of the above HP-12C with some use cases with the respective keys to be pressed for frequent tasks from the field of finance Backside of Financial Calculator Hewlett-Packard HP-12C built from 1981, this item produced 1988.jpg
Backside of the above HP-12C with some use cases with the respective keys to be pressed for frequent tasks from the field of finance

A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.). It has standalone keys for many financial calculations and functions, making such calculations more direct than on standard calculators. [2] It may be user programmable, allowing the user to add functions that the manufacturer has not provided by default. [3]

Examples of financial calculators are the HP 12C, HP-10B and the TI BA II. [4]

A wide number of graphing calculators, like the Casio FX-9860GII, the Texas Instruments TI-89 Titanium, and the Hewlett Packard HP 48gII include complex financial calculations, as well as spreadsheet applications such as Microsoft Excel, LibreOffice Calc, and Google Sheets.

References

  1. ↑ Hall, Pamela L. (1999), Effective Use of a Financial Calculator, Cengage Learning, ISBN   9780030267864
  2. ↑ Gitman, Lawrence; Joehnk, Michael; Billingsley, Randy (2013), "Appendix E: Using a Financial Calculator", Personal Financial Planning (13th ed.), Cengage Learning, pp. 620–621, ISBN   9781285633138 .
  3. ↑ Barrell, Doris (2004), Real Estate Finance Today, Dearborn Real Estate, p. 34, ISBN   9780793181490, most real estate professionals today use a programmable financial calculator to determine loan payments and other financial calculations.
  4. ↑ Marx, Johan (2009), Using Financial Calculators for Time Value of Money Calculations, Pearson South Africa, ISBN   9781770256804, This booklet explains how to use 2 different financial calculators ... namely the Hewlett-Packard 10-BII [and] Texas Instrument BA II plus.
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