Leonard Financial Calculator

INTRODUCTION
People from all walks of life, from students, stockbrokers and bankers, to realtors, homeowners and household managers, are finding finance formulas incredibly useful in their day-to-day lives. Whether you use the finance formulas for personal or educational reasons, having access to the right finance formulas can help improve your life.

No matter which branch of finance you work in or are studying, from corporate finance to banking, they are all built on the same foundation of standard formulas and equations. While some of these complex formulas can confuse the average person, we help by bringing clarity to you.

Whether you are dealing with compound interest, annuities, stocks, or bonds, investors must be able to effectively evaluate the level of value or merit in their financials. therefore due to their helpfulness i tried to come up with a simple calculator to help both sectors dealing with financial issues  to find it easy to use and calculate. Therefore,

HOW DOES IT HELP IN DECISION MAKING?

Coming up with this calculator has become the most important idea in helping and providing the investor a baseline of analysis for and comparison between the financial help in security- issuing institutions.  

Leonard financial calculator helps creditors assess the solvency, liquidity and trustworthiness of businesses. Financial calculator (and its cousin, financial management) helps organizations make business decisions about how to allocate scarce resources.

Nevertheless, the calculator helps in making a right decision such as lending decision, corporate governance, test your skills with trading challenges since it has a lot of option for calculating the financial related issues

Leonard Financial Calculator is used to calculate the following equations as shown below

• Current Ratio
• CR factor
• Annual Percentage Yield
• Simple interest Earned
• Compound interest Future Value
• Net cash flow from operation
• Debt equity ratio

example.

A student purchases a computer by obtaining a simple interest loan. The computer costs $1500, and the interest rate on the loan is 12%. If the loan is to be paid back in weekly installments over  2 years, calculate:

1. The amount of interest paid over the 2 years, 2. the total amount to be paid back,3. the weekly payment amount.

   Given: principal: 'P' = $1500, interest rate: 'R' = 12% = 0.12, repayment time: 'T' = 2 years

Part 1: Find the amount of interest paid.

interest: 'I' = PRT,  Where; I = Interest rate, P = Principle, R = Rate, T = Time                    1500 × 0.12 × 2   = $360

Part 2: Find the total amount to be paid back.

total repayments = principal + interest                                      $1500 + $360 = $1860

Part 3: Calculate the weekly payment amount

  weekly payment amount = total payment ÷ loan period, T, In weeks

                           $1860 ÷ 4 × 52 = $17.88 per week