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What
is the difference between myCompounder™ and other financial calculators?
myCompounder has been designed for
simplicity and convenience. Seldom used features have been eliminated.
Other calculators use the theory of accounting cash flow, making the
calculator extremely difficult to use. myCompounder
uses the theory of simple math, making the calculator simple to use.
For advanced calculations, we recommend the Hewlett-Packard Model 10-B
as a best buy.
How
do I determine what values to enter?
Values are entered based upon a financial goal. Values are either known
to you or are estimated. Time and Money values are commonly known. Interest
is usually an estimated value.
What
is the interest rate used to calculate savings?
Interest rate can be perceived as an average value, although not mathematically
correct when calculating compound interest. For savings, a low interest
rate (4-10%) is used for conservative savings. A high interest rate
(11-18%) is used for aggressive savings. The correct value is based
upon your financial knowledge of the investment. All investments have
a historical interest rate. Visit http://www.djindexes.com/jsp/index.jsp
to see the historical interest rate for the Dow Jones Industrial Average
since 1898.
What
are the most frequent calculations?
Calculating loan payments and amount borrowed are the most frequent
type calculations for financial planning and decision making. Savings
and inflation calculations are commonly used for financial knowledge
and motivation.
What
is the benefit of measuring money if the future is unknown?
For future estimated values, make several calculations using different
values based upon your financial knowledge of the values entered. One
of your calculations will be very close to becoming true and accurate.
Why
is myCompounder Simply Amazing?
Simply Amazing refers to the Simplicity of using myCompounder
and Amazing results.
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