A GREAT Tool to Help Retire Credit Card Debt, Loan Analysis, etc.
There are already a number of good applications that address the problem of getting out of DEBT as fast as possilbe. Some of those apps are probably EASIER to use IF youre dealing with many cards at various interest rates AND are going to follow the strategy every month until theyre all paid-off.
So, what does THIS app bring to the table?
1. It is more flexible; it can handle uneven cash flows.
2. It makes it easier to spot BAD DEALS and hopefully AVOID them altogether.
3. The cost of making just MINIMUM PAYMENTS becomes obvious (without digging through your statements) to find out that it would take 64 YEARS to pay off the balance! (as but one real example)
4. There are MANY other functions available (something like 105), but I havent gotten to them yet. Ive mostly been using the TVM (Time Value of Money) functions so far.
This calculator uses ALGEBRAIC NOTATION; I was used to Reverse Polish Notation, but thats a simple adjustment to make. The HELP videos look to be good, but I also downloaded the actual USERS GUIDE PDF from HP for the hardware version of the HP 10BII (not EXACTLY the same per the website, but helpful for some of the more obscure financial and statistical operations AND you get to see the formulas used in the calculations)
henrythetechnophile about 10bii Financial Calculator