Best Financial Calculators Of 2021

It is possible to have a small tool at hand to perform all the calculations, from the simplest to the most complex. According to Myfin.us, the financial calculator will be used to closely follow your personal budget, company accounts, bank interests, etc.

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Best Financial Calculators Of 2021

Here, we are mentioning some of the Best Financial Calculators 2021 in the USA that perform all calculations perfectly. However, each model is different, and it is up to you to choose what meets your expectations among all those sold in the market.

Several models of financial calculators are sold in the USA. You are going to choose the best one that fits your budget. Also, take the time to know the characteristics of the most used devices. You will undoubtedly find the tool that contains all the features you need.

HP 12CP Financial Calculator

This HP 12C Platinum model is designed for mathematical calculations. It is a valuable tool for economic and finance professionals.

It will not disappoint you if you want to learn how to choose the best financial calculators for 2021. Indeed, it contains more than 130 functions, which will come in handy for calculating cash flow, interest rates, data, and statistical analyses.

With this device, you can configure the keys according to your needs. This financial calculator can memorize up to 400 steps. The display on the LCD screen is simple, with a maximum of 10 characters on one line.

This calculator, made of plastic and weighing just 158.76 g, is powered by a durable lithium-ion battery. It is easy to transport and comes with a case to protect it against scratches. The device is licensed for CFP and CFA exams.

Good points

Functions: This model is equipped with 130 built-in functions. The configuration of the keys allows you to create other formulas and calculations.

Use: It is a device intended for users of various fields, whether for study or work.

Memory: This financial calculator is equipped with a fast processor. It has a large memory capacity.

Texas Instruments BA II Plus Financial Calculator

Don’t overlook the big brands if you want to find out which financial calculator is the best on the market. The Texas Instruments BA II Plus is for everyone.

It gives you the results of simple mathematical calculations, such as trigonometric formulas and various financial functions. You can use it to calculate loans, cash flow, and miscellaneous statistics.

This device is distinguished by spreadsheets that make your life easier when it comes to depreciation, etc. Moreover, it offers the possibility of storing old spreadsheets. This allows you to perform checks just by delving into memory.

This calculator is equipped with a 10-character LCD. In addition, its display is alphanumeric. Its keyboard is arranged so as not to complicate use. Each user can choose the modes that suit him, according to his level.

Good points

Memorization: This model has a system for memorizing all the worksheets. This allows you to have your previous operations close at hand.

Modes: Several modes are available, depending on the functions you need, and depending on the area. It is up to everyone to use the part that interests them.

Hp 10BII Financial Calculator

The best brand of financial calculators is the one that keeps innovating to add more features. HP is no longer to be introduced in the manufacture of this type of device. This model is made to quickly solve complex calculations.

It contains standard functions that allow you to perform various operations. Moreover, through three memory keys, ten formulas in accounting, commerce, statistics, or even real estate can be added. It is a device suitable for students and professionals.

This model can store 22 results, which you can use later for other calculations. Its screen displays 12 characters. The contrast is configurable, depending on the ambient light, making it easier to read. Even tilting the device, you can decipher all the results. This financial calculator has an instruction manual to help you get used to it.

Good points

Full: In addition to the built-in functions, this template has keys that allow you to create other useful formulas, giving you a complete calculator.

Storage: The device stores up to 22 results. You can collect these to advance in your work quickly.

Cheaper: This financial calculator is sold at a reasonable price.

4. Hewlett Packard F2230A # B12 HP12c Financial Calculator

HP’s 12C machines are professional favourites. This model is no exception. If you haven’t yet decided which financial calculator to choose, take a look at its features. It contains 120 preconfigured functions, which you can use depending on the circumstances. Whether for your RPN data or TVM functions, everything is already ready.

Formulas for all contracts, tax obligations, cash flow, and profits are included in the calculator. You just need to familiarize yourself with it. Whether you work in banking, real estate, or investing, this device will serve you.

Its portable plastic design allows you to take it in your bag wherever you go. Reading the results is not complicated, as the LCD screen displays ten characters. This financial calculator memorizes up to 99 steps. Alkaline batteries provide its power.

Good points

Convenient: Having 120 functions is a big advantage because you don’t need a long calculation process to get the results.

Features: It is a device intended for wide use. Indeed, it is intended for professionals from a wide variety of fields.

Portable: This calculator’s compact design allows you to move around with it. It can be used in most United States schools.

Casio Programmable 12 Digit Financial Calculator

If you have a preference for a cheap, yet capable model, consider this Casio FC200V financial calculator. It is distinguished by its screen, which can display up to 4 lines of results, each capable of supporting 12 digits. This allows you to have several results in front of you at the same time. It is also a device that works with two modes of power supply by solar energy and by AAA batteries.

This calculator is programmable. You have keys with which you can create your own formulas according to the calculations you will have to carry out. This model will be used to calculate leases, breakeven points, and amortization.

It will be easy for you to know all your interest rates. You will no longer go wrong in your forecast because the device calculates your profits for you. The keys are sensitive and easy to use. A case is provided for the protection of the calculator.

Good points

Customizable: It is a programmable calculator. It is up to you to configure the keys, according to the needs of your profession. You get a personalized device. It should not be compared with other models that have built-in functions.

Use: It is a handy calculator that anyone can use as long as the person has mastered the configurations.

Buying Guide – How to Choose A Good Financial Calculator?

It is advisable not to choose a tool at random to avoid acquiring one that does not correspond to the use you intend to make of it. This buying guide for the best financial calculators has been made to tell you what the important criteria are to get the right material.

Available functions

The first thing you should check in a financial calculator is its list of functions. It depends on your activities and what you expect from such material.

Indeed, even if you have the most powerful model, it must be helpful. If you are a student and need trigonometric formulas at your fingertips, ensure the calculator has this functionality.

A person who wants to invest in a business certainly wants to know what he will earn in the short and long term and the taxes he will have to pay.

A company’s manager can forecast its turnover to better manage its expenses. It would be a shame to have to worry about a given operation if there are ready-made formulas for it.

Some models have multiple features and are intended for use by economists, accountants, bankers, and even simple math students. Everyone uses the equipment according to their specialities.

The availability of functions can affect the price. In this case, before you find where to buy the best financial calculator, determine your needs. Other devices have programmable buttons.

You then have the option of assigning a function to specific keys. This type of tool must be accompanied by a user guide to avoid getting lost in the configurations.

Design and display

Besides functions, design is an important criterion when choosing the best financial calculator. This device consists of a screen and keys. Most models have an LCD screen with a black display, which makes it easier to read.

Others have illuminated displays that can be used even in low light. This allows you to access your calculator anytime, anywhere.

The number of digits displayed differs from model to model. Some devices have a capacity of 10 digits, others 12. Don’t get the wrong machine based on the accounts you manage.

The alphanumeric display is essential for some uses. Some calculators are capable of showing multiple lines. The advantage is that you have the results of several calculations on the same screen.

When you browse a price comparison, you will find that the keys correspond to the functions dedicated to the machine. Moreover, they must be explicit so that you can easily recognize them.

This is also why you should acquire a device that fits your needs. Keyboard navigation depends on the layout of the keys. Choose according to your preferences, taking into account, of course, other critical criteria.

Food

This is an essential criterion without which the calculator will not work. Devices equipped with a lithium-ion battery are rechargeable. You can use them as long as they are loaded.

However, check the autonomy and make sure you have the necessary charge to avoid unpleasant surprises. The battery has a limited lifespan, however, and it is most likely not replaceable. At that point, you will have to think about where to buy a new financial calculator.

Battery-powered models are also handy. You need to have a reserve to predict breakdowns. However, it will be necessary to be aware that the display will no longer appear as soon as the batteries are weak. A memorization option would then be required. This would allow you to find your data after changing the batteries.

Some manufacturers have designed solar calculators. These have a screen that captures the sun’s rays. You don’t need batteries with this kind of device. In addition, some hybrid models reconcile two modes of power.

Durability

When buying a better-value financial calculator, durability is an essential factor. Apart from the power supply, the resistance of the keys is also essential.

If the latter are soft, they do not require much effort and will last longer. Rigid keys may fail over time. In addition, depending on how the writing is handled, it may fade.

A financial calculator must be protected in a case for a long life. If a model comes with this type of accessory, that’s even better. This will save you the trouble of looking for a sleeve the same size as the device.

Also Read: A Beginner’s Guide to Home Security Systems

How to use a financial calculator?

A financial calculator differs from a regular calculating machine. It offers various possibilities for performing complex calculations, which you are used to doing with your computer. It has the advantage of being portable, although the dimensions vary from one model to another. Its use requires a minimum of knowledge.

Read the instructions

Usually, before purchasing a financial calculator, you should educate yourself about its functionality and features. Once you have your device, the first thing to do is read the instructions in the user manual.

If you have chosen a programmable model, you will know how to configure the keys to suit the device to your needs. It is then up to you to enter the functions you will need for your activities.

If you have acquired a financial calculator with different functions, learn how to use it. If the manual isn’t self-explanatory, you can always find how-to videos on YouTube.

Familiarize yourself with the device

Even if you have used a later version of the machine or another model before, you should familiarize yourself with the financial calculator you have. The descriptions in the comparison are not enough to teach you everything about your device.

Take the time to test all the features, especially the ones you use more often. This will save you some inconvenience while negotiating a contract.

If you have programmed the keys, test them and make sure the results are correct. Then, get used to navigating between buttons. With a few exercises, you will know the device like the back of your hand.

Provide food

The financial calculator is intended to accompany you everywhere; it must be constantly powered. All the advice for use will be useless if you don’t have a battery. The ideal is not to be satisfied with the batteries already in the device. It would be best if you always had some in reserve.

Sometimes, just by doing the math, you don’t realize that the batteries must be replaced. These can give you a nasty surprise. Please do not wait until they are completely used up before changing them. If your device does not have a memory option, you may lose your data and have to perform certain operations again.

Take care of the financial calculator

Like any device, the financial calculator has a lifespan. This is the reason why you should take care of it. It is best to protect it in a case, whether for transport or to keep it when you are not using it. This will protect your machine from dust, liquids that could spill, and falls.

If you have a plastic calculator which falls out of time, you can be sure you need to replace it. To remove dust, use a small brush.

Before doing so, make sure the device is not turned on. To disinfect the keys, take a cloth and put a little alcohol on it. Do not rub too much; otherwise, you risk causing the writing to disappear.

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