The Daily Pulse

General

Financial calculators help estimate loan EMIs and investment returns

Reported by Vivek Joshi (Copy Editor) · Times of India - Top Stories ·

Source: Times of India
Worth knowing
Financial calculators help estimate loan EMIs and investment returnsPhoto: Wikimedia Commons

Financial Planning Tools

Financial calculators help people figure out key money matters before making big choices. Users can determine the monthly installment amount for a loan or estimate returns on investments made through SIPs. These tools also find out the maturity amount and interest earned on a Public Provident Fund, or PPF. People can check the maturity amount and interest earned on a fixed deposit, or FD. Users are also able to estimate the pension amount and corpus accumulated under the National Pension System, or NPS. A mutual fund calculator helps estimate the future value of investments over time.

Context

Online financial tools make it easy for everyday savers and investors to plan their personal budgets and long-term goals without needing complex math. Planning ahead helps individuals manage loans and choose the right savings schemes.

Read more at Times of India - Top Stories →