The 8 Best Financial Calculators of 2018

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Best Financial Calculator for CFA
Best Buy Financial Calculator
Best HP Financial Calculator
Best Financial Calculator for Real Estate

Buying a financial calculator can be a valuable investment if you want to calculate certain financial functions that a regular calculator can’t handle. It can help you compute various information like investment values, cash flow calculations, loan-related expenses, and much more. They also perform more basic tax, regression, and interest-rate calculations and can be a huge time saver overall. You might want to take a look at our articles about the best graphing calculators and the best money counters.

No matter the reason why you need to purchase a financial calculator, there are a few key aspects that you have to understand to be able to successfully evaluate the market and make the right decision. Some of the major considerations are:

1. Usage

Are you taking an introductory financial management course? If you just need to quickly get through a course like that, it’s probably a good idea to buy the least expensive model you can find. If you wish to get something more advanced, you are most likely an undergraduate finance major or a finance professional. It all depends on how much you’ll use your future financial calculator in the end. Getting a high-end model is not only a good idea because of its more advanced capabilities but it can be more reliable in the long run as they also generally have better builds.

2. Financial certification exams

Will you be taking a financial certification exam like CFP or CFA? If the answer is yes then you need to know that some organizations prohibit the use of any kind of calculator that’s capable of storing text. Regarding the calculator policy of the CFA Institute, it accepts certain financial calculators whereas the CFP Board of Standards accepts calculators that have an IRR function and which don’t have alphabetic keys.

3. Graphing/scientific functions

If you need graphing or scientific functionality besides the finance functions perhaps you should take a look at calculators that are created specifically with these abilities. Most of the time though, the graphing functions of calculators aren’t particularly useful for finance so it’s better to stick with a solid financial calculator.

Getting the right financial calculator is not an easy task if you aren’t familiar with these products but this list can lend you a hand and help you decide. It sums up long hours of research and contains only the best calculators in terms of cost-effectiveness. These aren’t recommendations made with a particular user in mind but they are varied enough to cover a wide spectrum of financial knowledge from novices to professionals.

Best Financial Calculator For CFA

1. Texas Instruments BA II Plus Professional Financial Calculator

An ideal choice for advanced finance, accounting, statistics, and other business classes but also suitable for more entry-level courses, the Texas Instruments BA II Plus Professional is an outstanding financial calculator in all regards. It’s loaded with lots of abilities and is a fitting choice for those who want to bring a calculator to the Chartered Financial Analyst exam.

This model is ideal for various financial calculations including IRR, MIRR, NFV, and NPV for cash-flow analysis. It can store up to 32 uneven cash flows with a maximum of four-digit frequencies. You can also edit the inputs to analyze the way changes impact the variables.

One of the things that this unit is good at is time-value-of-money and amortization computations. It can quickly solve calculations for mortgages, leases, loans, and savings and is capable of generating amortization schedules with ease.

To calculate depreciation you can choose from six methods and can figure out the remaining depreciable amount. Interest rate conversions are also handled by this financial calculator as the device can convert between annual also known as nominal, and effective interest rates.

If you want to take this unit to a professional financial exam it’s worth noting that it’s accepted for CFA and the GARP Financial Risk Manager exams. Texas Instruments included in the package a handy black pouch that helps to protect the calculator and a lithium 2032 battery.

In conclusion, the Texas Instruments BA II Plus Professional is a solid financial calculator that takes a little to get used to. You also have to adjust to the speed of the calculator because if you press the buttons too fast, it won’t respond very well. Considering the nice build, the switchable battery, and the smooth financial calculations that can be done with this device, this is a very recommended unit that works and feels exactly as advertised.

Product Highlights:

  • It can handle net future value and modified internal rate of return
  • Approved for Chartered Financial Analyst exam
  • Sturdy construction of metal exterior
  • Anti-slip rubber feet
  • Black protective case

Best Buy Financial Calculator

2. HP 10bII+ Financial Calculator (NW239AA)

HP is one of the most trusted brands in the industry of financial calculators and one of their best models is the 10bII+, a capable financial calculator that comes at an attractive price. With it, you can calculate various things like interest rates, cash flows, loan payments and more. This is a potent choice for all your business and finance needs.

A key aspect of this unit is the ease of use. It has dedicated keys that provide quick access to the most common financial and statistical functions. The keystrokes of the previous model are well maintained but there are 10 new types of statistical and financial calculations added.

HP designed this model with performance in mind, to be able to handle more complicated business and statistical operations. You can check out the answers with a maximum of 12 digits of accuracy. The device feels very responsive as it delivers immediate results without waiting too much even when it’s computing more demanding tasks. For later use it can store up to 22 numbers in its memory.

This financial calculator is suitable for multiple business or finance courses but it also meets exam requirements. It’s well designed for exams as it has a very intuitive keyboard layout and with just a few keystrokes you can access lots of common functions. It’s accepted on SAT, PSAT/NMSQT, and College Board Advanced Placement tests.

In total, there are over 170 functions and the unit is also loaded with statistical and math functions besides financial ones. HP offers a very reliable product and to protect it in time, it supplies a protective sleeve that also keeps the unit safe from accidental pressings.

Easier to use than other financial calculator and a very fast machine all around, the HP 10bII+ is highly recommended for anyone who’s taking finance classes or needs one for doing lots of complex calculations. The fact that it comes with batteries means that you can start computing right out of the box which is a practical ability. All in all, this is a solid financial calculator for the price.

Product Highlights:

  • Easily-accessible business functions
  • Permitted for use on the CFP Certification Exam
  • Calculates loan payments, interest rates, and conversions
  • Calculates TVM, NPV, IRR, cash flows
  • 2 CR2 batteries required

Best HP Financial Calculator

3. HP 12CP Financial Calculator

The HP 12CP is a very powerful calculator designed for finance, accounting, real estate, economics, and business work. It has both RPN and Algebraic modes of entry, enough memory to handle a maximum of 400 steps and approximately 130 built-in functions. This is designed for more demanding financial professionals and the extra cost shouldn’t be an issue if you want more performance.

There are lots of customizing abilities for this model as this one offers a nice mix of statistic, math, and business functions. The memory can handle up to 399 steps and keystrokes can be programmed. Having certain select business functions right at your fingertips feels very intuitive.

The LCD display is an easy-to-read one line x 10-character screen that displays results nicely even at an angle. With this unit, you can calculate TVM loans, leasing, and savings and stuff like Amortization Bond price, cash flow analysis. The IRR memory accepts up to 80 cash flows, which is a huge improvement compared to the 12C which was only able to store 20.

Something great about this model is the addition of advanced editing abilities such as the new ”Undo” and ”Backspace” buttons. The metal backplate is fitting for engraving and this makes it a nice addition to any desktop. It’s fully permitted for use on the CFA and CFP Certification exams as well as for the GARP FRM exam. HP has great customer support in case you’re having any difficulties with the unit and the official page for this product on their website delivers some useful educational resources and tutorials.

A valuable tool for any finance class or business related work, the HP 12CP is a well-polished device that deserves the attention of those who want more out of their financial calculators. It allows you to make entries quickly and it has all the essential functions required by the CFA exams. Considering the excellent features per price ratio, this model is strongly recommended.

Product Highlights:

  • Portable Design
  • Robust and versatile
  • Over 120 functions for finance, business, mathematics, and statistics
  • Advanced editing features
  • Efficient data entry using RPN
  • Long battery life

Best Financial Calculator For Real Estate

4. Calculated Industries 3405 Real Estate Master IIIX Finance Calculator

If you want something that’s more specifically intended for real estate financial calculations, the Calculated Industries 3405 is definitely a solid choice. Some of the highlights of this model are the abilities to calculate complete payment solutions, combo loans, amortization, rent versus buy comparisons, and ARMs. It can flawlessly perform almost every real estate calculation that you can show directly in front of your clients.

With the help of this unit, you’ll be able to calculate interest, mortgage payments, future value, down payment figures, as well as PITI payments. The calculator gives you the ability to locally store property tax and insurance rates to make customized calculations. Buyers and sellers can benefit from this aspect as they can develop an informative financial outlook. The device performs lots of ”what-if” computations from variables like down payment amount, purchase price, and loan amount financing.

Other notable features include bi-weekly and monthly automatic sales price calculations and loan comparisons. You can use this device for the completion of taxes, insurance, and mortgage insurance for PITI payments and there’s a built-in date-math function provided for closing and expiration dates. To save time and keystrokes, there’s a triple zero key.

In the back of the unit, you can store a pocket user guide in a pre-fitted slot, which is quite convenient. The calculator is powered by two LR44 batteries and the battery life is pretty good as it can reach up to 800 hours. After approximately 8 to 12 minutes of non-use, the unit turns itself off as Calculated Industries included an auto shut-off feature.

The Calculated Industries 3405 works great for its intended purpose. It doesn’t do any regular calculator things but this is understandable. For a real estate course or for professionals in the business, this model would be thoroughly enjoyable as it’s easy to use and is overall a high-quality product. The price is also quite reasonable so all in all, this is worth the money.

Product Highlights:

  • Designed for real estate and mortgage professionals
  • Completes taxes and insurance for PITI payments
  • Calculates amortization and balloon payments
  • Automatic sales price and down payment calculations
  • LR44 batteries included
  • Protective slide cover

5. Casio FC-200V Financial Calculator with 4-Line Display

Designed with maximum flexibility in mind and having an excellent performance per price, the Casio FC-200V is the ideal choice for those who don’t want to spend more than it’s necessary on a financial calculator. With an included battery back-up and a slide-on hard case, this device is extremely handy for any financial class.

The calculator comes with the Direct Mode Keys that can be used to access exclusive modes to execute a financial calculation. You can see the results on a full-dot 4-line display and the device enables easy input, change, confirmation, and correction of each parameter. Another thing that you can find is comma-markers display function with 3 digits.

Calculating depreciation can be done by using the straight-line method, sum-of-the-years digits method, fixed percentage method or the declining balance method. Using the data input/period input you can make bond calculations to find out the bond purchase price and the annual rate of yield. Other computations that can come in handy are the sales and leverage within the break-even point. The calculator has shortcut keys that can store certain parameter values or settings applied for specific computations and can be recalled for future calculations. This makes it easier to work as it improves your efficiency for repeated calculations.

The manual for this financial calculator goes quite in-depth providing easy to understand explanations of the functions and gives you the correct formulas to work with, which is a nice addition to exams. This is a solar powered device and Casio supplies a nice slide-on hard case and a battery backup. It’s rare to see so much dedication to enhance the experience of using a financial calculator considering the low cost of this model.

Easy to use, more intuitive than other models that are also more expensive, the Casio FC-200V is a solid companion for dealing with any financial calculations. The manual for this calculator actually feels way too thick considering how simple the calculator is, but there are quite a few tricks to master which you can learn in no time. Taking into account the price bracket where this product belongs, you can’t go wrong with such a minimal investment.

Product Highlights:

  • Full dot, 4-line display
  • Cost, sell and margin, investment appraisal, amortization
  • Simple and compound interest calculations, depreciation
  • Converts between percentage and effective interest rate
  • Flexible design
  • Solar power with battery back-up
  • Slide-on hard case

6. Calculated Industries 3430 Qualifier Plus IIIFX Real Estate Finance Calculator

Calculated Industries provides some of the best financial calculators geared towards real estate business professionals. A good example is the 3430 Qualifier Plus IIIFX which can calculate multiple cash flows and IRR, the internal rate of return besides tackling common and advanced real estate finance problems.

A solid device for obtaining instant access to PITI and interest-only payments, this financial calculator allows you to figure out the blended rate and calculate payment for combo loans. Completing taxes or mortgage insurance is a breeze as well as computing amortization and balloon payments or making complex ARMs more simple. Pre-qualifying home buyers quickly and without too much hassle is easier with a financial calculator like this one.

As this calculator is packed with lots of useful functions for real estate finance professionals, you won’t be surprised to find that it can calculate monthly loan comparisons and automatic sales price. It can compute down payment calculations with ease. For closing and expiration dates there is a handy date-math function and a triple zero key will facilitate the keystrokes.

The battery life is exceptionally good, the two LR44 batteries capable of providing up to 1000 hours of power. An auto shut-off feature saves some energy by turning the calculator off after it remains idle for a few minutes. All the guides needed to learn and master the calculator are included in the package for the unit and a protective slide cover helps to keep the device safe when transporting.

An intuitive and performant calculator, the Calculated Industries 3430 deserves a spot on this list thanks to its impressive abilities for the money. Plugging in the information is a breeze as well as changing the scenarios on the fly. Any serious real estate investor should have one of these so if it looks interesting to you, don’t hesitate to check it out further.

Product Highlights:

  • Ideal for Investors and Commercial Lenders
  • Complete Payment Solutions, Including PITI
  • Calculate Combo Loans, Bi-Weekly Loans, ARMs
  • Easy Rent vs. Buy Comparisons
  • Estimated Tax Savings
  • Provides Flexible Payment Options

7. Calculated Industries 3400 Pocket Real Estate Master

Capable of solving various real estate finance questions immediately including principal and interest payments, the Calculated Industries 3400 Pocket Real Estate Master is an essential device that shouldn’t miss from the toolbox of any financial professional. With a considerably lower price than other Calculated Industries models, this is a good entry-level unit for many starters in the business like real estate finance trainees or new agents.

This unit stands out thanks to its pocket size and is very easy to use even by those unfamiliar with financial calculators. It helps you to compare loan options and to figure out a monthly payment based on various loan amounts or different interest rates. It’s important to quickly calculate which would be the best loan amount that’s based on a payment that your client deems affordable. The future value of a home can be quickly determined as you analyze the total interest and payments paid.

The keys of this calculator are labeled in very simple to understand mortgage terms and you can learn them very fast and begin solving loan problems in no time. It can deal with amortization regarding principal, interest, and total payments and can calculate remaining balances or quarterly and other types of loans.

Calculated Industries engineered this device to be very compact and lightweight and the hard case feels very sturdy to the touch. A convenient 360 degrees hinged cover also helps with the durability. An additional feature of this model is how it works as a standard math calculator and other notable abilities are the user set decimal placement and date-math functionality. The battery life is also quite impressive for this unit.

Fast and simple to use, this device is pretty much a winner on the market. The only downside is the dust that can build up under the screen but this is not a big issue if you take good care of it. Serving its purpose exactly as it was advertised, the Pocket Real Estate Master can easily become your favorite financial calculator as it’s portable and convenient to use in many situations.

Product Highlights:

  • Calculates Instant Principal, Interest, and Total Payments
  • Loan Amortization and Remaining Balances
  • Date math function
  • Long-life battery
  • Ideal for real estate finance agents, homebuyers, and sellers

8. Texas Instruments BAIIPLUS

The Texas Instruments BAIIPlus is a nice financial calculator for both students and business professionals. It can handle many finance, accounting, or investments applications with ease. There are lots of functions to explore in this calculator and you need some patience to be able to really learn all of its intricacies if you wish to be able to fully benefit from its potential.

One key feature of this model is the ability to handle time-value-of-money calculations and amortization schedules. It can calculate IRR and NPV for analysis of the cash-flow. Up to 24 uneven cash flows can be stored with a maximum of 4-digit frequencies. Editing inputs to go over the impact of the modified variables is also possible.

There are lots of methods for calculating depreciation and doing interest rate conversions is a breeze with this model. It can convert with ease between annual and effective interest rates. A 10-digit screen displays all the relevant results and it has decent visibility promptly showing the current variable label and values.

Texas Instruments added a second key feature that’s useful for quickly calculating terms. This model can make breakeven, profit, and percent difference computations. Two day-count methods, actual/actual or 30/360, can help you to choose accordingly when you calculate bond price or yield to call or maturity. There are a BGN/END payment setting and a total of ten user memories for your convenience.

Math functions aren’t very comprehensive but you can still do some trigonometric calculations, powers, and natural logarithms. The protective cover offers some resistance to impacts and the Automatic Power Down feature will conserve some energy.

Considering everything about the Texas Instruments BAIIPlus, the final conclusion is generally positive but there are a few slight issues. The general impression is of cheap materials even though at this price you’d expect some sturdier quality. The learning curve is also pretty steep but if you’re a fan of other Texas Instruments devices you can probably get the hang of this one fairly quickly.

Product Highlights:

  • Ideal for applications in finance, accounting, economics, investments and statistics
  • Prompted display guides
  • Auto power down feature
  • Time Value of Money calculations
  • Amortization schedules
  • Depreciation with four different methodologies
  • Cash-flow analysis, Net Present Value and Internal Rate of Return