Best Interest Rate Calculators

?Calculating interest rates and interest payment amounts for any type of long-term monetary transaction obviously used to be quite difficult before electronic calculators became available. Once you're armed with a calculator doesn't mean interest rate math will be a snap either unless you are thoroughly proficient at algebra and know the applicable formulas you will need to employ in a particular calculation. The situation is quite different today however, and thanks to the widespread availability of financial websites offering very effective interest rate calculator services online, anyone can use a free online interest calculator to calculate a variety of different kinds of interest problems.

Today, many people have learned how to use free online interest calculators to calculate interest rates on bank loans, mortgages and any other transactions involving borrowing and lending of money over time. No longer do you have to hire an expert financial advisor or consult your bank to calculate the interest on loans and investments, as all one has to do now is log on to one of the many different financial services websites and follow a few simple steps to calculate the interest rates on nearly any type of financial transaction.

Interest calculators can quickly calculate the amount of compound interest or simple interest, based on initial principal, number of years, and the annual interest rate in a transaction. The user simply inputs the initial amount of principal, number of years, and annual interest rate, and then hits the "calculate" button, and the results of both compound interest and simple interest will be calculated instantly.

Many people are also learning that interest rate calculators are not just for borrowing and lending, they can also be used to calculate interest on other types of investments like real estate, autos, savings accounts, bonds, retirement accounts and many other things too. As a result, online calculators are not only popular with consumers, they are now also commonly used by all types of professionals including bankers, insurers, contractors, real estate agents and anyone else in need of accurate amortization data.

There are now many other different types of handy online financial calculators available too, so the next time you need to determine any complex mathematical problem involving money, remember that there are a variety of financial websites with many different types of calculators available for free today.

Other Online Financial Calculators

Mortgage Calculators - Including:
Mortgage Payoff Calculator
Required Income Calculator
Interest Only Loan Calculator
Balloon Mortgage Calculator
Adjustable Rate Mortgage Calculator

Home Equity Calculators - Including:
Monthly Payment Calculator
Debt consolidation calculator

Debt Calculators - Including:
APR Calculator
Student Loan Debt Consolidation Calculator Amortizing Loan Calculator

Savings Calculators - Including:
Budget Calculator
Certificate of Deposit Calculator
Savings Goal Calculator
IRA Calculator
Retirement Plan Calculator
Net Income Calculator

Automotive Calculators - Including:
Auto Loan Calculator
Car Rebate Calculator
Auto Loan Payoff Calculator
Auto Lease Calculator