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Financial tools help plan investments and loans

Reported by Neha Sharma (Staff Writer) Β· Times of India - Top Stories Β·

Source: Times of India
Worth knowing
GeneralFinancial tools help plan investments and loans
Representative image Β· Pexels

Financial Calculators

A mutual fund calculator helps estimate the future value of investments. People can use similar tools to determine the monthly installment amount for a loan. These digital aids also let users estimate returns on investments made through SIPs.

Savings and Retirement

Users can find out the maturity amount and interest earned on PPF accounts. The tools also work to check maturity amount and interest earned on an FD. Individuals can estimate the pension amount and corpus accumulated under NPS.

Context

Financial calculators are common online tools provided by banks and investment platforms to help people plan their money. These tools use standard math formulas based on inputs like principal amount, interest rate, and time period.

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