So, what calculator do we use personally? In addition to great speed, the TIFI has a large screen that is capable of holding up to four different calculations simultaneously (Column A, B, C, and D).Īdditionally, the TIFI can easily amortize any cash flow and give you the balance at any given point in time. This out of production calculator is still a favorite and worth keeping an eye out for at local garage sales and eBay. With that said, for basic workhorse calculators, you can’t go wrong with either the Texas Instruments BA II Plus Professional Financial Calculator or the HP 10bII Financial Calculator. You can even calculate bonds to call as well as yield. The BAII Plus does allow differing compounding periods to payment periods. If you are wondering what exactly the “plus” buys you in the TI BA II Plus model, you have to look pretty close (initially the only extra things found were keystrokes). Along with the standard capabilities of time-value-of-money, accrued interest, amortization, cost-sell-margin, and depreciation, users will calculate more advanced business and finance related issues. Probably the most basic of the financial calculators, the HP10B (now the HP10B-II) or the TI BA-II Plus will get the job done.Ĭreated in competitive nature, both deliver the basic needs of a financial calculator. The HP 12C Platinum Financial Calculator is a classic! There are also HP12C apps available for your tablet, smart phone, or laptop. Ideal for real estate, finance, accounting, economics and business work. Work more efficiently with memory for up to 80 cash flows. The newest model has six times faster speeds for calculating TVM, loan payments, interest rates, standard deviation and more. The catch here is that if you don’t already know how to use one, it may be worth skipping on to the next model. The HP uses Reverse Polish notation so 1+1=2 would be calculated as 1 1 (then you get the answer of “2”). You may have noticed that it does not have an “equal” sign. The HP12C is very powerful but comes with some initial challenges. If you want to avoid the technical stuff just skip to the bottom and discover what we use personally! The HP12C Financial CalculatorĬlearly the industry’s front-runner, the HP12C was THE standard for anyone in real estate for years and can still be found in most investors’ desks. Here are the top three used in our industry. Many calculators can handle financial functions and some are much easier to operate than others.
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