Business Calculators - Faster Business Lenders

Equipment Financing, Investment, Savings and Mortgage Calculator

Equipment Financing Calculator:

The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product.

The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment.

The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.

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About this calculator

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Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
Calculator Assumptions

Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.
Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

Feel free to use our Equipment Finance Calculator

Loan AmountPlease enter your loan amount here.
$

No. of PaymentsPlease enter the number of years in which you plan to repay the loan.

Payment ModePlease choose payment mode of the loan.

Interest RateThe interest rate will default to the product you selected. You can also change the rate up or down to understand the effect on your repayments and total interest payable.

Repayment Chart Loan Amortisation Table Video

Period Payment Interest Balance

{frequency} Payment

$

Total interest payable

$ over

Balloon amount (0.00%)

$0.00

X

Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.

Investment Calculator:

Whether you’re considering getting started with investing or you’re already a seasoned investor, this investment calculator can help you. It can show how your initial investment, frequency of contributions and risk tolerance can all affect how your money grows.

Starting Amount

Additional Contribution

Contribution Frequency

Expected Rate of Return

Years to Grow

This investment will be worth –

Year Starting Amount Annual Contribution Total Contribution Interest Earned Total Interest Earned End Balance

Savings Calculator:

This calculator answers the question “How much will I have after I make a series of deposits assuming a fixed rate of interest?”.

Savings Calculator

Periodic Savings?:

Number of Months?:

Annual Interest Rate?:

Final Amount (fv):

Interest Earned:

Total Amount Invested:

Last Deposit Date:

©2024 AccurateCalculators.com $ : mm/dd/yyyy

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Savings Calculator — calculate future value

This calculator easily answers the question “If I save “X” amount for “Y” months what will the value be at the end?”

The user enters the “Periodic Savings Amount” (amount saved or invested every month); the “Number of Months” and the “Annual Interest Rate” or the annual rate of return one expects to earn on their investments.

The calculator quickly creates a savings schedule and a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.

The investment term is always expressed in months.

60 months = 5 years

120 months = 10 years

180 months = 15 years

240 months = 20 years

360 months = 30 years

If you need a more advanced “Savings Calculator” – one that lets the user solve for the starting amount, the amount to invest, the interest rate, the term required to reach a goal or the future value; or if you would like to easily print the schedule; or if you need to pick a different investment frequency, then you may want to try the calculator located here: https://AccurateCalculators.com/savings-calculator

Currency and Date Conventions

All calculators will remember your choice. You may also change it at any time.

Clicking “Save changes” will cause the calculator to reload. Your edits will be lost.

Responsive Mortgage Calculator:

This mortgage calculator can display an estimated a mortgage amortization and chart. The Responsive Mortgage Calculator is for demonstration purposes only and may not reflect actual numbers for your mortgage.

Total Amount ($)
Down Payment ($)
Interest Rate (%)
Amortization Period (years)