Financial Calculator

Platform: Android

Category: Finance

Version: 7.0.1

Downloads: 50K

FREE

568 Reviews


On other platforms:

Similar iOS

App Icon
by joaquin grech
Reviews: 386
$2.99

Match WP

App Icon
by Nilesh Harde
Reviews: 0
FREE

App description:

The Financial Calculator helps you to plan for your long-term financial goals like Child Education, Child Marriage. It helps you assess how much you should invest every month to get a desired amount at the end of an investment period. It helps you to calculate the future value of SIP (Systematic Investment Plan) Payments or to quickly calculate EMI (Equated monthly Installment) of home Loan, Car Loan.

Features
- Goal Planner.
- Retirement Planner.
- Insurance Needed
- SIP Calculator.
- Loan EMI Calculator
- Fixed Deposit Calculator
- Recurring Deposit Calculator


1. Goal Planner
Goal Planner will help you to plan for any financial goals like Child Education or Child Marriage. It calculates the monthly investment required for achieving the goal. You can give the goal present value, No of Years remain, Inflation, rate of returns on your investments.

Present Value : 8, 00,000
Number of Years remain : 15 Years
Rate of Return (%) : 12
Inflation (%) : 7

Future Value : 22, 07,225


Monthly Investment : 4,418
Lump sum Investment : 4, 03,252

Example: Suppose you want to plan for your Child education which costs 8, 00,000 today. The Number of Years remain is 15 years and the inflation you expect is 7% and you expect 12% return from your investments. In that case future value is 22, 07,225 and to achieve that future value you need to invest 4,418 per month or lump sum invest 4, 03,252.

2. Retirement Planner
Retirement Planner helps you determine how much money you will need for your retirement to maintain the current lifestyle post retirement. You can give the Current Age, Retirement Age, Current Monthly Expenses, Expected Inflation, rate of returns on your investments before retirement and rate of returns on your investments after retirement.

Age (Years) : 30
Retirement Age (Years) : 58
Monthly Expenses : 30,000
Inflation (%) : 7
Rate of Return (%) on investment Before Retirement : 15
Rate of Return (%) on investment After Retirement : 10

Monthly Expenses at retirement : 1, 99,465
Yearly Expenses at retirement : 23,93,582
Retirement Corpus : 3, 99, 98,159
Monthly Investment : 7,719

Example:
Suppose you are 30 years old who wants to retire at 58 and expect to live till 80.
If your current Monthly Household Expenses (excluding expenses which will not be part of it post Retirement e.g. EMI, Insurance Premium, Education Expenses etc) are 30000,
You expect inflation to be around 7% for next 28 years,
You expect 15% return on your investments before retirement and
During retirement you expect that your investments will return 10%.

So Number of Years left for your retirement are 28 years and at retirement you will require a retirement corpus of 3,99,98,159 for which I need to save 7,719 per month.

3. Systematic Investment Plan (SIP) Calculator
SIP calculator will calculate the future value of SIP (Systematic Investment Plan) Payments. It helps you to calculate future value of your monthly investment in Mutual Fund, Public Provident Fund (PPF) or Fixed Deposit (FD) in bank or post office.

Monthly SIP Amount : 5,000
Tenure (Years) : 10
Rate of Return (%) : 12.0%

Investment Amount : 6, 00,000
Maturity Value : 11, 50,193

Example: If you want to start an SIP of Rs 5,000 per month and you expect your investments will return 12%, then in 10 years you will generate 11, 50,193 compounded yearly.

4. Loan Calculator
This calculator helps to quickly calculate EMI (Equated monthly Installment) of home Loan, Car Loan or Personal Loan. It also shows loan repayment schedule with total interest paid and total principal amount paid at the end of every financial year.

Loan Amount : 25, 00,000
Loan Tenure (Months) : 240
Interest Rate : 10.5%

EMI : 24,960
Total Interest Paid : 34, 90,287

Please send suggestions and issues to my E-mail address nilesh.harde@gmail.com.


TAG: app, Android,Finance


Similar Apps

App Icon
by NRS Magic LTD
Reviews: 2,211
FREE
App Icon
by ulrich
Reviews: 123
FREE
App Icon
by roaming squirrel
Reviews: 702
FREE
App Icon
by DessertApps
Reviews: 260
FREE
App Icon
by Echoboom Apps
Reviews: 130
$3.40
App Icon
by App.TW
Reviews: 30
FREE
App Icon
by GEORGE
Reviews: 91
FREE
App Icon
by Quicko
Reviews: 17
FREE
App Icon
by Mango Techno Apps
Reviews: 47
FREE
App Icon
by Fuzzy Labs
Reviews: 65
FREE
App Icon
by Testskill
Reviews: 31
FREE
App Icon
by saravana
Reviews: 69
$3.00

More from developer

App Icon
by Nilesh Harde
Reviews: 120
FREE
App Icon
by Nilesh Harde
Reviews: 771
FREE
App Icon
by Nilesh Harde
Reviews: 5
$4.99
App Icon
by Nilesh Harde
Reviews: 2536
FREE
App Icon
by Nilesh Harde
Reviews: 96
FREE
App Icon
by Nilesh Harde
Reviews: 1
$1.50
App Icon
by Nilesh Harde
Reviews: 16
$4.00
App Icon
by Nilesh Harde
Reviews: 573
FREE
App Icon
by Nilesh Harde
Reviews: 9
FREE
App Icon
by Nilesh Vavdiya
Reviews: 163
$1.50
App Icon
by Nilesh Vavdiya
Reviews: 38
$1.50
App Icon
by Nilesh Vavdiya
Reviews: 14
FREE