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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.

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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.

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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.

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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.

Loan Payment Calculator

Calculate monthly, quarterly, or annual loan payments based on principal, interest rate, and loan term.

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Payment: $1,686.42

Loan Payment Analysis

Payment Frequency: Monthly
Number of Payments: 360 payments
Interest Rate per Period: 0.542%
Total Amount Paid: $607,111
Total Interest Paid: $357,111

📊 Payment Breakdown

Principal Amount: $250,000
Interest Portion: $357,111
Interest as % of Principal: 142.8%

💡 Loan Insight

Over 30 years, you'll pay $357,111 in interest - that's 142.8% of the original loan amount!

📚 Educational Purpose

Remember: These are simplified educational calculations. Real financial planning involves many additional factors including taxes, inflation, market volatility, changing life circumstances, and more. Always consult with qualified financial professionals for actual financial planning decisions.