The financial calculator is an app that is used to calculate any of the following parameters: - SIP Amount - Maturity Amount - Investment Period - Expected Amount / Return - Simple Interest Amount - Principal Amount - Interest Rate - Compound Interest Amount - CAGR (Calculate Compound Annual Growth) - Monthly Instalment Amount - Rule of 72 - Percentage Gain - Percentage Increase / Decrease Some of the key features of the app are: - SIP Calculator - Systematic Investment Plan (SIP) is an investment option offered by mutual funds to investors, allowing them to invest small amount periodically instead of lump sums. The frequency of investment is usually weekly, monthly, or quarterly. Some SIPs provide tax benefits under 80C. - Simple Interest - Simple Interest is calculated on the principal amount. It can be applied over a time period usually every months. Simple interest is calculated according to the following formula: (r * P * n) / i P - initial balance r - simple annual interest rate n - number of time period elapsed i - frequency of applying interest - Compound Interest - Compound interest is the interest earned on the interest which was very previously accumulated. It is the result of reinvesting interest. Compound Interest is calculated according to following formula: P’ = P * (1 + r/n)^n*t where; P - Principal Amount P’ - New Principal Amount r - annual interest rate n - compounding frequency t - time period (usually in years) - CAGR Calculator - Calculate Compound Annual Growth (CAGR) - The CAGR calculator is a useful tool to determine an annual growth rate on an investment over a period of time under fluctuated value. It is a geometric progression ratio that provides a constant rate of return over the time period. Some of the main applications of CAGR: - Calculating average return of investment funds - Comparing historical returns of stocks - Forecasting future value - RD (Recurring Deposit) Calculator - It is used to calculate the maturity amount for given fixed deposit monthly deposits. It is also used to calculate monthly instalment amount or time period for which you need to do investment. - Rule of 72 - It is used to determine investment time period for a given rate of interest. Formula to calculate it is as follows: Rule of 72: Investment Period = 72 / Rate of interest<
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