Financial Calculators? iCalculator is Online and Easier!

financial calculatorsOn the upside, hand-held financial calculators such as an HP10 and HP12 have proven to be a great tool.

Financial calculators are true calculation workhorses. They enable us to make a series of complex amortization, cash flow and time value of money computations otherwise nearly impossible for most of us.

I’m not a math guy, so I certainly relied upon an HP10 for all of my complex computations.

On the downside, however, my primary complaint has always been that hand-held financial calculators are tedious. They require a number of key-strokes to make a calculation along with a close eye on the owner’s manual for instructions.

So for me at least, despite the benefit a hand-held financial calculator provides, because they are somewhat difficult to work with and generally very time consuming, I wanted an option.

Okay, I went overboard.

I developed iCalculator to mimic many of the same calculations you would make on a hand-held financial calculator. But with less user input and time. PLUS, it teaches you the definitions and formulas.

With iCalculator you can make dozens of calculations.

1) Investment
  • Cap Rate
  • Gross Rent Multiplier (GRM)
  • Cash on Cash Return (COC)
  • Acquisition Cost
  • Sales Proceeds (before taxes)
2) Cash Flows
  • Internal Rate of Return (IRR)
  • Net Present Value (NPV)
  • Financial Management Rate of Return (FMRR)
3) Time Value
  • PV, FV, Rate, Years)
  • Sinking Fund
  • Inflation Rate (1913 – present)
4) Tax Shelter
  • Depreciation
  • Cash Flow After Tax (CFAT)
  • Return on Equity (after taxes)
  • Sale Proceeds (after taxes)
5) Mortgages
  • Mortgage Payment (monthly, PI and PITI)
  • Maximum Purchase Price (the most you can pay)
  • Maximum Mortgage (the most you can borrow)
  • Mortgage Refinance

You Get

  • Function. Real estate calculations
  • Learning. Real estate investing definitions and formulas
  • Mobility. 24/7 mobile online access

So You Know

You can learn more about iCalculator, including the previewing of screenshots, and purchase at a discount (a one-time payment of just $24.95). Go to iCalculator discount web page…

James Kobzeff

James Kobzeff has over thirty years experience as a realtor and investment real estate specialist. He is the developer of ProAPOD real estate investment software and freely shares his real estate investing articles.