- Calculation Variables
- Calculations
- Time
- Currency Type
- Rates
- Interest Type
- Interest Style
- Periodic Contributions
- Calculation Formulas Used
- Investments/Savings -- Simple Interest -- Fixed Interest Rate
- Investments/Savings -- Simple Interest -- Fixed Interest Rate -- Periodic Contributions
- Investments/Savings -- Compound Interest -- Fixed Interest Rate
- Investments/Savings -- Compound Interest -- Fixed Interest Rate -- Periodic Contributions
- Investments/Savings -- Simple Interest -- Floating Interest Rate
- Investments/Savings -- Simple Interest -- Floating Interest Rate -- Periodic Contributions
- Investments/Savings -- Compound Interest -- Floating Interest Rate
- Investments/Savings -- Compound Interest -- Floating Interest Rate -- Periodic Contributions
- Loans -- Simple Interest -- Fixed Interest Rate
- Loans -- Simple Interest -- Fixed Interest Rate -- Periodic Contributions
- Loans -- Compound Interest -- Fixed Interest Rate
- Loans -- Compound Interest -- Fixed Interest Rate -- Periodic Contributions
- Loans -- Simple Interest -- Floating Interest Rate
- Loans -- Simple Interest -- Floating Interest Rate -- Periodic Contributions
- Loans -- Compound Interest -- Floating Interest Rate
- Loans -- Compound Interest -- Floating Interest Rate -- Periodic Contributions

Calculation Variables |

**Principal**

Enter the initial value of the investment here.

**Loan Value**

Enter the initial value of the loan here.

**Interest Rate**

In this field, insert the interest rate to be used in the calculation
for period defined.

**Interest Period**

Enter the start and end date of the investment period in these fields.
Note that each date is calculated from 00:00:00 of the start date until
23:59:59 of the end date.

Examples:

- From 1998, Jul 1 until 1998, Jul 1 = 1 day
- From 1998, Jul 1 until 1998, July 31 = 1 month
- From 1998, Oct 28 until 1999, Oct 27 = 1 year

**Loan Period**

Enter the start and end date for the borrowing period in these fields.
Note that each date is calculated from 00:00:00 of the start date until
23:59:59 of the end date.

Examples:

- From 1998, Jul 1 until 1998, Jul 1 = 1 day
- From 1998, Jul 1 until 1998, Jul 31 = 1 month
- From 1998, Oct 28 until 1999, Oct 27 = 1 year

**Periodic Contributions**

Value: Enter the amount of each periodic (i.e. monthly, daily) contribution or payment.

Frequency: How often each contribution is made.

**Compound Frequency**

Use this field to define how often interest will be earned on your
investment or loan.

Calculations |

**Calculation: Investments/Savings**

These calculations produce the final value of the principal plus the
interest generated on the principal. It is normally used for calculating
the value of bonds or stocks over a given period. It can also be used
for planning retirement or educational savings.

**Calculation: Loans**

Given the value of the loan, the interest rate and a period of time and,
possibly, the value of Periodic Contributions (e.g., monthly), the total
value of the loan plus the interest is calclated. It is used for
calculating student loans, mortgages and car loans/leases.

Time |

**Calendar Dates**

This calculator allows the user to select interest periods by exact
calendar dates.

**Time Periods**

The user can select the interest periods by
specifying time durations such as a number of years, months, days or
hours.

Currency Type |

**0 decimals**

For example, Peso, Yen.

**2 decimals**

For example, Dollar, Pound.

**3 decimals**

For example, Euro.

Rates |

**Fixed**

The interest rate remains the same throughout the entire savings or
borrowing period.

**Floating**

The interest rate varies throughout the evaluation
period. You must be able to provide the exact period of each interest
rate in order to generate correct results. With DeLiberation™ Financial
Calculator, you can use an unlimited number of interest rates throughout
the evaluation period.

Interest Type |

**Simple**

Interest is only generated from the principal value of the loan.
Sometimes it is also referred to as "regular" or "non-compounded"
interest.

**Compound**

Interest is generated from both the principal and the interest compounded
with a given frequency (e.g. daily). In the case of a loan, interest is
generated only on what is still owed, not the entire loan value.
Interest for the majority of investment certificates and loans are
calculated in this manner.

Interest Style |

**Nominal**

A nominal rate is the actual raw number that gets used in each calculation. For example, if we have a 10%
nominal annual rate, and we wish to compound monthly ... then the actual monthly rate that will be used is simply
(.10/12). Although due to the multiple compouding, by the end of each term the interest accumulated will actually be
slightly more than 10% worth.

**Effective**

An effective rate represents the true and exact amount of interest that will be generated at the end of each term.
For example, if we have an effective annual rate of 10%, and we wish to compound monthly ... then the actual monthly
rate that will be used is (.096/12) - not simply (.10/12) because with an effective rate, once all of the compounding
is completed for the term, the interest will directly reflect a single compound of 10% (or any choosen rate).

Periodic Contributions (or Payments) |

This calculator has the capability to take into account payments or contributions made on a periodic basis. Note that all payments are assumed to be made at the end of each payment period, and do not include an initial payment at the beginning of the investment/loan.

Calculation Formulas Used |

**Investments/Savings -- Simple Interest -- Fixed Interest Rate**

- Final Value = (1 + Principal) * Interest Rate * (Interest Period/1 year)

**Investments/Savings -- Simple Interest -- Fixed Interest Rate -- Periodic Contributions**

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Principal) * Interest Rate * (Length of Period/1 year)

**Investments/Savings -- Compound Interest -- Fixed Interest Rate**

- Number of Periods = Interest Period/Compound Frequency

For every Period:

- Interest += (Principal) * Interest Rate * (Length of Period/1 year)

Principal += Value of Periodic Contributions

**Investments/Savings -- Compound Interest -- Fixed Interest Rate -- Periodic Contributions**

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Principal) * Interest Rate * (Length of Period/1 year)

**Investments/Savings -- Simple Interest -- Floating Interest Rate**

- For each Interest Rate:

- Interest += (Principal * Interest Rate) * (Interest Period/1 year)

**Investments/Savings -- Simple Interest -- Floating Interest Rate --
Periodic Contributions**

- For each Interest Rate:

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Principal) * Interest Rate * (Length of Period/1 year)

**Investments/Savings -- Compound Interest -- Floating Interest Rate**

- For each Interest Rate:

- Number of Periods = Interest Period/Compound Frequency

For every Period:

- Interest += (Principal * Interest Rate) * (Length of Period/1 year)

**Investments/Savings -- Compound Interest -- Floating Interest Rate --
Periodic Contributions**

- For each Interest Rate:

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Principal * Interest Rate) * (Length of Period/1 year)

**Loans -- Simple Interest -- Fixed Interest Rate**

- Final Value = (1 + Loan Value) * Interest Rate * (Interest Period/1 year)

**Loans -- Simple Interest -- Fixed Interest Rate -- Periodic Contributions**

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Loan Value) * Interest Rate * (Length of Period/1 year)

Loan Value -= Value of Periodic Contribution

**Loans -- Compound Interest -- Fixed Interest Rate **

- Number of Periods = Interest Period/Compound Frequency

For every Period:

- Interest += (Loan Value) * Interest Rate * (Length of Period/1 year)

Loan Value += Value of Periodic Contributions

**Loans -- Compound Interest -- Fixed Interest Rate -- Periodic Contributions**

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Loan Value) * Interest Rate * (Length of Period/1 year)

Loan Value -= Value of Periodic Contributions

**Loans -- Simple Interest -- Floating Interest Rate**

- For each Interest Rate:

- Interest += (Loan Value * Interest Rate) * (Interest Period/1 year)

**Loans -- Simple Interest -- Floating Interest Rate -- Periodic Contributions**

- For each Interest Rate:

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Loan Value) * Interest Rate * (Length of Period/1 year)

**Loans -- Compound Interest -- Floating Interest Rate **

- For each Interest Rate:

- Number of Periods = Interest Period/Compound Frequency

For every Period:

- Interest += (Loan Value * Interest Rate) * (Length of Period/1 year)

**Loans -- Compound Interest -- Floating Interest Rate -- Periodic Contributions**

- For each Interest Rate:

- Number of Periods = Interest Period/Frequency of Periodic Contributions

For every Period:

- Interest += (Loan Value * Interest Rate) * (Length of Period/1 year)