Bankur.com - Personal Finance and Investing Advice » Financial Calculator http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Financial Calculator http://bankur.com/financial-calculator/ http://bankur.com/financial-calculator/#comments Sun, 15 Mar 2009 06:31:24 +0000 Banker http://bankur.com/?p=70 BEST FINANCIAL CALCULATORS
One big breakthrough in the field of electronics was the invention of a calculating device the calculator. A calculator is an electronic device capable of performing mathematical operations like addition, subtraction, division, multiplication, log, exponential, trigonometric functions and as well other complex functions. The word PDA (Personal Digital Assistants) exactly suits the calculators.

Financial calculators are those which are specifically used for accounting in finance areas. These financial calculators are almost used in every administrative office which has a finance department.

The reverse polish notation is the basis of developing the financial calculators with the first financial calculator developed by HP named HP12c Financial Calculator. The HP12c calculator was first introduced in the year 1981 and was well received by the people in the finance departments and hence these calculators are still manufactured with a little change made to them. With the developments in the field of electronics the cost of the components and as well the size of the components have come down which has resulted in the transition.

There are various domains in which these financial calculators are used for varied purposes. Some of the domains and use are: in the field of automobile it is used to calculate various things like the payment of auto, up gradation costs, cost of lease and so on. In the field of cash flow to analyze the cash inflow, outflow and so on. In college to calculate the expenses, savings, loan amounts and so on. In insurance and investments, for mortgage, for retirement plans, savings plans, qualified plans, pension plans and so on.

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