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Compound Interest Calculators

The formula for a future value calculation is as follows:

FV = PV(1 + R)^N

PV = Principal ( Present Value)
FV = Future Value
R = Rate (decimal form)
N = number of periods interest is accumulated.

Calculating compound interest by hand can be a tedious task and you have to do one calculation for each period that interest is accumulated. Of course, with the help of computers this activity is a thing of the past. Expo Financial offers a mortgage calculator that can be used to calculate the effects of interest rates on your loan. If you are interested in a calculator for invests you are in searching for what is called a future value calculator.

To calculate the amount of money you would need to save today at a particular interest rate for it to reach a predefined future value. Use the following Formula

PV = FV/(1 + R)^ N

PV = Principal ( Present Value)
FV = Future Value
R = Rate (decimal form)
N = number of periods interest is accumulated.

Compound interest calculators are an easy way to see whether or not you should invest in the future by saving today, or whether or not you think you are just as well off spending your money.

 


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The formulas underlying compound interest calculators are easy to remember. The computer simply takes care of the heavy lifting for you by repeating a few simple tasks over and over again behind the scenes while you wait a few seconds… Interest rates have continued to fall over the past year and house refinancing is still very popular. Expo Financial offers quotes from competing lenders to get you the very best interest rates to be found on the internet or in your area… Financing your loan can be made easier by shopping around online for a low interest rate. Before applying try out our free mortgage rate calculators to estimate your monthly payments…
Current Mortgage interest rates vary from month to month but have continued to decrease on average for the past few years. Interest rates are based on a few indices influenced by the federal goverment outside of banks control… Building equity in your home is a slow process that can be best illustrated through the output of a mortgage payment calculator that generates an amortization schedule. Try our online mortgage payment calculator to estimate your loan payments and intest paid each month…

Mortgage calculations are good preperations for taking out a home loan. Before you even apply to speak with an expert you can estimate your monthly payments yourself to see what you think is affordable for your family and income level…

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