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Financial calculators are useful interactive
tools to calculate important financial decisions
easily, financed transactions involves series
decisions making like the loan amount, duration
of the loan, and the size of the repayment
installments etc. There are various calculators
that help to calculate loan eligibility,
interest rates, mortgage payment, and loan
rates, loan comparison, saving, CD rates, tax
calculation etc. before going for a loan or
investment it is all advisable to calculate your
monthly payment affordability. Financial
calculators help your monthly payments; you can
plan your finances and allocate money suitably.
Below you can get our list of calculators,
planning tool that will help you in financial
decisions making and planning your future.
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Inflation is
the general increase of prices across the
economy which is otherwise known as the "cost of
living". The definition of inflation is: "a
general increase in prices and fall in the
purchasing value of money", effectively meaning
that your money won't buy you as much today as
it did yesterday.
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Inflation
rate calculator uses the average consumer and retail
Price Index for a given calendar year. This data
represents changes in prices of all goods and
services purchased for consumption by urban
households. This index value has been calculated
every year since 1913. For the current year, the
latest monthly index value is used.
The inflation
calculator can be used, for example, to show
that a representative basket of goods and
services costing $15 in 1985 would cost $21.37
in 1995 and $27.11 in 2005.
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Inflation is
not much about price increases as it is about
the increase in the amount of money in
circulation and the reduction in purchasing
power.
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