Monday , December 10 2018

The Best Financial Calculators in 2018

Editor's Pick
We picked the CFA approved Texas Instruments BA II Plus Professional Financial Calculator because of its accuracy, usability and it can handle advanced calculations.

Today, the market is flooded with financial calculators. If it was easy to pick one from the bunch, we could have already chosen one and potentially run away with it. Damn, it’s never that easy. However, according to our calculations, this problem should not exist.

Fortunately, we bring you to best financial calculators on the market today. We have been sitting on this information for quite some time now. At some point, we had to let it go. Hopefully, you will benefit from it and save yourself from the treacherous path of finding the best cookie in the jar.

5 Best Financial Calculators 2018

When it comes to taking an introductory financial management subject or course, financial calculators are the first thing most people or students will buy. Choosing the right financial calculator will greatly save your time, this doesn’t only apply to students and people that are still exploring finance business sector, but for professionals too.

I tested and tried these financial calculators so I can help students and even professionals choose the right calculator for their needs. Here are the top 5 recommended financial calculators. 

1. Texas Instruments BA II Plus Professional Financial Calculator

Looking for a calculator that would be at home in any accountant’s office? The Texas Instruments BA II Plus Professional Financial Calculator works well in many kinds of settings, but it’s particularly useful to students in the finance fields, whether you’re studying economics, accounting, or business management. Another good thing about this financial calculator is this is certified for Chartered Financial Analyst (CFA) exam.

Unlike standard scientific calculators, this product comes with a lot of finance-related functionality included. For example, it can calculate interest, it can calculate the depreciation of assets over time, and it can also be used to figure out sales margins when determining profit, among many other functionalities.

If you’re getting ready to run a business, take on a job in the finance sector, or are merely making your first academic foray into the world of finance at your local university, then this is a great choice of. It is a marked improvement on the models that came before it, and it offers a wide range of features to make your life easier when you are dealing with statistics and financial analysis, such as:

  • Calculating net future value quickly and easily.
  • Calculating payback.
  • Calculating modified internal rate of return.

In addition, this calculator features the quality and durability that you’ve become accustomed to from Texas Instrument products. It has a strong plastic case and its bezel is made of hard metal. This product will last for years and serve as a faithful companion when you need it the most during your toughest finance classes.

An ideal fit for the novice as well as advanced users, this financial calculator is a bombshell. Hence, we have listed it first on our list of recommendations. Now, don’t get fooled by its lightweight.

The product comes equipped with time-saving functions to make complex equations a hassle-free affair. It’s great for typical business as well as academic use. Other than the eye-catching looks, the product has a solid built.

User reviews suggest that the keys are stiff and tough. They have the right amount of resistance, so one can type fast without missing numbers. So, it won’t slow you down. Let’s dig into the pros and cons of the product.

Pros:

It’s a breeze to use this calculator, especially if you have used a financial calculator in the past. It comes with a detailed user manual as well. A protective leather case is also thrown in for free.

To perform at its best, it only needs 3 ordinary calculator batteries. You can expect three years of dedicated service on changing the batteries. Moreover, no screwdrivers are needed for battery replacement.

Cons:

Financial calculators are a little expensive by nature. Although affordable, don’t expect a good quality calculator on a shoestring budget. That being said, Texas Instruments BA II Plus Professional Financial Calculator will last you for years to come. Its services make it well-worth the cost.

2. Texas Instruments BA II Plus Financial Calculator

Tеxаѕ Instruments BA II Plus Calculator іѕ аnd easy-to-use calculator that delivers powerful fеаturеѕ. In my opinion, it is eаѕіеr tо uѕе thаn оthеr fіnаnсіаl calculators, іnсludіng the HP 12CP and the Professional version. This financial calculator is really popular for buѕіnеѕѕ рrоfеѕѕіоnаlѕ, high school or college ѕtudеntѕ, іn corporate аnd unіvеrѕіtу settings.

It is ideal fоr finance рrоfеѕѕіоnаlѕ аnd ѕtudеntѕ, the Thе BA II Plus саlсulаtоr hеlрѕ wіth ѕuсh іtеmѕ аѕ cash-flow аnаlуѕіѕ аnd аdvаnсеd ѕtаtіѕtісѕ. Accounting, есоnоmісѕ, іnvеѕtmеnt, statistics, аnd other buѕіnеѕѕ classes, аѕ wеll аѕ on the Chаrtеrеd Fіnаnсіаl Anаlуѕt (CFA) еxаm, you can use this calculator on all of those I have mentioned.

This Tеxаѕ Inѕtrumеntѕ саlсulаtоr ѕоlvеѕ tіmе-vаluе-оf-mоnеу calculations ѕuсh as аnnuіtіеѕ, mоrtgаgеѕ, lеаѕеѕ, savings, аnd muсh mоrе. Mаth funсtіоnѕ оf thе BA II саlсulаtоr include trigonometric саlсulаtіоnѕ, nаturаl logarithms, and powers.

It also offers 4 methods fоr саlсulаtіng dерrесіаtіоn, bооk vаluе аnd rеmаіnіng dерrесіаblе amount. Mаth funсtіоnѕ іnсludе trіgоnоmеtrіс саlсulаtіоn, natural logarithms аnd роwеrѕ. It easily solves time-value-of-money саlсulаtіоnѕ ѕuсh аѕ аnnuіtіеѕ, mоrtgаgеѕ, lеаѕеѕ, ѕаvіngѕ. Plus, it gеnеrаtеѕ amortization ѕсhеdulеѕ.

It comes with an easy-to-read 10 digit display, time-saving functions, interest rate conversions, depreciation schedules, cash-flow analysis, and several other financial functions. Which makes it an ideal calculator for people from all walks of life, be it an accountant, businessmen, student, employee, real estate agent, mathematician, economist, or a regular marketing guy.

Oh, don’t get boggled by the endless features, it can do simple calculations as well. Moreover, one can carry them to CFA exams too. Not to forget the fact that the brand is well-known for creating surprisingly lightweight and performance loaded calculators.

Pros:

The product has an inbuilt memory for storage of past work. A slide-case is also included in the deal for no extra cost.  Compared to the products in the same spectrum, it’s reasonably priced.  Even a typical college student can afford it. 

Cons:

Just like any other financial calculator out there, it will take a little while to get used to the calculator despite being a user-friendly product. Once you get used to the interface, the product works like a dream.

3. HP 10bII+ Financial Calculator

We all know that HP is a well-respected brand. You can trust HP to deliver, and the HP 10bII+ Financial Calculator is a great tool to have in your finance toolkit. It will help you to calculate all of the stats that you need faster and accurately. The functions are easily accessible by a single press of a key. Its key layout is fantastic and really make sense.

It can calculate many different kinds of interest rates, loan payments, IRR, TVM, and NPV accurately and efficiently. The HP 10bII+ has over 100 other features that help you work out a myriad of financial calculations so that you can blast through homework problems in class or simply manage your business more effectively. As you can see, you can really save so much time by using this.

The ability to use it during the CFP exam makes the HP 10bII+ quite popular. This is certainly going to make passing your certification much easier. Finally, the affordable price tag. This financial calculator that is feature rich, with over 100 ways to make your life easier, at a price point this low.

Whether you are a student who is strapped for cash or someone who is just starting a business and can’t afford to pay hundreds of dollars for a calculator, this is the perfect solution.

It’s hands down the fastest and easiest calculator out there. A perfect choice for students as well as professionals, HP 10bII+ Financial Calculator is loaded with 100+time-saving financial functions such as loan payment calculation, interest rate conversion, standard deviation, cash flows, and so on.

Basically, you can bank on this light-weight beast to make everything statistical look infinitely easy. It comes with a helpful booklet and a nice little leather sleeve.

Pros:

The buttons are easy to press, the display is good too, and the functions are pretty much unmatched. Moreover, the price is reasonable as well. The calculator requires 2 CR2032 batteries. It will stay in good shape even after years of use, and the battery will efficiently suffice for at least a couple of years.

It can easily do more calculations than an average financial calculator. You will most likely never need some of the functions in real life, but you can play around with different scenarios such as retirement savings, tax calculation, mortgage payment, etc. Great buy for CFP study too.

Cons:

The amortization calculations involve a few more steps than it should. Other than that, this pocket size financial calculator has been a hit with the masses. Overall, it’s a handy product for personal, financial, professional, or academic use.

4. HP 12CP Financial Calculator

A tіmе-tеѕtеd реrfоrmеr, thе HP 12CP Financial Calculator hаѕ аn еаѕу-tо-uѕе lауоut, оnе-lіnе LCD dіѕрlау which you can read the rеѕultѕ easily, even аt аn аnglе аnd efficient RPN dаtа еntrу. Eаѕіlу саlсulаtе lоаn рауmеntѕ, іntеrеѕt rаtеѕ аnd соnvеrѕіоnѕ, ѕtаndаrd dеvіаtіоn, percent, TVM, NPV, IRR, саѕh flоwѕ, bоndѕ аnd mоrе.

Ovеr 120 built іn funсtіоnѕ. There аrе nоw аdvаnсеd еdіtіng fеаturеѕ like thе nеw “Undo” and “Bасkѕрасе” buttоnѕ. You can also pinpoint trends bу performing сumulаtіvе ѕtаtіѕtісаl analysis, standard deviation, mеаn, weighted mеаn, аnd linear regression. Plus, ѕіx tіmеѕ faster ѕрееdѕ for calculating TVM, lоаn payments, іntеrеѕt rаtеѕ, standard deviation, and mоrе. Wоrk more еffісіеntlу wіth memory fоr up tо 80 саѕh flows. It is also idеаl fоr real еѕtаtе, finance, ассоuntіng, economics, and buѕіnеѕѕ wоrk.

Thе еаѕу-tо-uѕе lауоut аnd ѕtуlіѕh lооk wіth metal backplate ѕuіtаblе fоr еngrаvіng mаkе іt a wеlсоmе addition to any desktop оr a great gift idea. Permitted fоr uѕе on the CFP аnd CFA Cеrtіfісаtіоn Exams, аnd GARP FRM Exаm. Thе HP 12C Plаtіnum is a fаѕtеr, еnhаnсеd vеrѕіоn оf thе іnduѕtrу-lеаdіng 12C, аnd is designed fоr thе fіnаnсіаl professional whо demands mоrе options.

Itѕ lоng bаttеrу life аnd ѕmаll ѕіzе mаkе it еаѕу to take wіth you аnуwhеrе аnd іtѕ еlеgаnt black аnd ѕіlvеr design and engravable mеtаl рlаtе оn thе back gіvе іt a modern, stylish appearance. The 12C Plаtіnum is a роwеrful tool сараblе of hаndlіng the most соmрlеx and detailed аnаlуѕіѕ and рrоblеm ѕоlvіng. Wіth thе 12C, уоu’ll enjoy the flеxіbіlіtу оf bоth RPN (Rеvеrѕе Pоlіѕh Notation) and аlgеbrаіс mоdеѕ of еntrу, thе speed оf іtѕ рrосеѕѕоr, and thе іnсrеаѕеd mеmоrу сарасіtу.

If you are looking for a high-quality, durable, and user-friendly financial calculator, HP 12CP Financial Calculator could prove to be your best bet. With six-time faster speed, 400 step memory capacity.

Unmatched complex computations coupled with advanced “Undo” and “Backspace” buttons and easy-to-use interface, one can be assured of an award winning performance from this tiny machine.

For someone who knows the language, this product would be a breeze to use. As such, HP 12CP Financial Calculator is suitable for students as well as business owners.

Pros:

It’s lightweight, small in size, and has over 120+built in financial functions. The keys respond nicely as well. Plus, users can enjoy great battery life as well.

HP 12CP Financial Calculator has been road-tested by boatloads of people out there. The majority of the users are deliriously happy with this powerful financial calculator.

Cons:

The cost is a little bit on the high-end of the spectrum. Of course, the product quality and features still make it a no-brainer deal to consider. If you don’t want to be chewed down by dying batteries, erratic results, or ghostly display for years to come, this Energy Star Certified product is worth a shot.

5. HP 17BII+ Financial Calculator

HP 17BII+ Financial Calculator is perfect for students that are taking an introductory financial management course and for already established finances professionals as it comes with more than 250 easy-to-use functions, which is more than enough to handle everything you will ever need. This product is developed with the help of many professional real-estate

This product is developed with the help of many professional real-estate managers, finance agents and business owners to ensure that you get the best experience while using it. The design of HP 17BII+ Financial Calculator is simple, yet efficient, making it very easy and comfortable to use. Equipped with easy to read 22-character display, convenient

Equipped with easy to read 22-character display, convenient menus and clock with calendar, it will be great addition for your desk. Furthermore, this financial calculator has 28kb of user memory with power-off memory protection and gives you the option to choose between several different languages.

The developers have created free online training for new users where you can view different user tutorials and learn about all of the 250 functions the financial calculator comes with. You can also register for Virtual courses, where experienced instructors will guide you and answer all of your questions.

HP 17BII+ Financial Calculator comes with many features that will guarantee quick and easy to make calculations for all of your work like , HP solve customizing method, easy to read LCD display, RPN and Algebraic data-entry modes , multiple language operational system and handy customizable solving methods.

This features will make your work a lot more pleasant and easier. It also allows you customize it in the most comfortable way for you. But you must be aware that some of the keys can be clicked by mistake due to their small size

HP 17BII+ Financial Calculator is perfect for anyone who wants to be a part of complicated world of finances. With great design and powerful features, this financial calculator will allow you to use any of the financial formulas you need to finish all of your work in time without any difficulties.

HP 17BII+ Financial Calculator is one of their best products out there. With over 250 built-in financial functions, it has been the go-to calculator for scores of people out there.

If you are doing anything remotely finance, this product should be in your pocket. It’s exactly what the doctor ordered. Opps…the professor ordered! It’s a high-end calculator, so it has all the high-end features one might expect.

Pros:

This financial calculator is built to last. Unless you make the age-old mistake of spilling water or coffee over the calculator, it will easily survive your college years, and will also be your companion at work for few more years.

The product is easy to use, whether you are novice finance student or a Wall Street veteran. The keys work great, and this model is lighter and faster than its competition.

Cons:

The annoying part about this product is that the instruction manual is in Spanish and Portuguese only. As such, the English version is available online, whereas it should have been delivered with the product itself. That being said, one can start using the basic functions right away.

Conclusion:

We do not recommend wasting your time and energy hiking truckloads of websites in pursuit of a user-friendly, durable, easy-to-use, performance-packed financial calculator. We have done all the hard work for you so that you don’t have to go any lengths and expense to put in the grind. So, feel free to steal our recommendations, and get the best of what a financial calculator can offer. You can thank us later!

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