Finance Calculators
Plan your financial future with our powerful, easy-to-use tools for budgeting, loans, investments, and taxes.
Finance Calculators: FAQs
EMI (Equated Monthly Installment) is a fixed monthly payment for repaying a loan, covering both principal and interest. It’s calculated using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the loan amount, r is the monthly interest rate, and n is the number of months.
The Debt Snowball method involves paying off debts starting with the smallest balance to build momentum, while the Debt Avalanche method prioritizes debts with the highest interest rates to minimize total interest paid.
Use our Retirement Calculator to estimate future expenses, account for inflation, and set savings goals. Start saving early, invest in diversified assets, and review your plan regularly to ensure financial security.