A Free Financial Calculator

Abstract

Yan (2012) calls for an internet connected financial calculator. The reality is that many finance professors are still teaching our students how to use a financial calculator. For those professors and students, I wrote my financial calculator during my last winter break. Yes, I WROTE a calculator which could be downloaded at no cost. The advantages of my financial calculator include: free, easy to use, examples are offered, same formulae as shown in the textbooks, easy to solve cases with multiple IRRs and conversion between APRs.

Keywords: Finance 101, financial calculator, multiple IRRs, effective rate conversion

JEL Classification: G00, G19, G14