Financial Calculators
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Financial calculators are calculators that are used to perform functions commonly needed in commerce-focused communities such as in businesses, accounting, economics and more. They can perform financial calculations that are impossible or much more difficult to do on standard calculators. Some financial calculators are programmable, which means that users can add formulas and functions. Read on to learn more about these devices and the options that Staples has to offer.
What Does a Financial Calculator Do?
Financial calculators can perform functions and equations that are near impossible on standard calculators. These calculators often feature stand-alone keys and buttons that are not available on other devices, which allows them to perform certain calculations directly and easily. Finance professionals and economic students rely on financial calculators because they can save different functions and formulas for later use. Although some functions may need to be added later depending on the calculator, many financial calculators include the following functions out of the box:
- Simple interest
- Compound interest
- Cash flow
- Amortization
- Currency conversion
- Cost/sell/margin
What Features Do Financial Calculators Have?
Not every financial calculator is built the same. Many come with a variety of features that make them more portable, ergonomic and user-friendly. Some even have features that can reduce eye strain and battery usage. Additional features like these are important to take into consideration because they can provide long-term benefits for the user. Read on to learn more about the different features financial calculators have.
Portability
Financial calculators are compact and easy to carry, which makes them easy to fit into any work bag, briefcase or backpack. Many calculators come with protective covers to protect the device from scratches and other damage while in transit. The protective cover also prevents the calculator from accidentally turning on while in a bookbag or zipper binder and draining the battery. These financial calculators are the perfect tool for professionals on the go and students alike.
Battery and Solar Power
Many financial calculator models utilize solar power along with batteries. In areas with adequate lighting, having the option for solar power can extend the life of the batteries tremendously. Financial calculators that use solar energy are eco-friendly because they cut down the waste caused by improper battery disposal.
Tilted Displays
Financial calculators that feature tilted displays are perfect for professionals that spend a lot of time in front of a screen. Tilted displays provide optimal clarity and visibility in a variety of lighting settings. Financial calculators that feature tilted displays are perfect for guarding against eye strain, headaches and fatigue.