← Back to FIN 201
Financial Calculators
Interactive tools to practice financial concepts and calculations
Retirement Planning Calculator
Calculate how much you need to save for retirement and see the power of compound interest.
$
Retirement Summary
Years to Save: 39 years
Months of Deposits: 468 months
Total Contributions: $234,000
Final Balance: $1,372,741
Interest Earned: $1,138,741
💡 Key Insight
Starting early makes a huge difference! Your money has 39 years to grow through compound interest.
Credit Card Interest Calculator
See how credit card debt grows and learn strategies to pay it off faster.
$
$
Minimum Payment (2% of balance): $100
Payoff Analysis
Time to Pay Off: 3 years, 8 months
Total Interest Paid: $1,456
Total Amount Paid: $6,456
Monthly Interest Cost: $79.13
📊 Payment Comparison
Your Payment ($150)
Time: 3 years, 8 months
Interest: $1,456
Minimum Payment ($100)
Time: 7 years, 2 months
Interest: $3,624
You save $2,168 by paying $50 more per month!
💡 Smart Strategy
Pay more than the minimum! Even an extra $50/month can save hundreds in interest.
Bank Installment Plan Interest Calculator
Discover the true interest rate banks charge for their "easy payment" plans.
$
$
$
True Cost Analysis
Amount Financed: $2,000
Total Payments: $2,160
Total Interest Cost: $160
True Annual Interest Rate (APR): 14.45%
Interest as % of Purchase: 8.0%
📊 Rate Comparison
Your Rate: 14.45%
Personal Loans: 6-12%
Credit Cards: 18-25%
Auto Loans: 3-7%
💡 Analysis
This rate is higher than most personal loans. Consider shopping around for better financing options.