Question 1

What is the Ultimate Financial Calculator?

Accepted Answer

It does date accurate time value of money calculations for either regular or irregular cash flows (loans, payments, deposits, withdrawals, investments).

Question 2

What are 360, 364, 365 and 366 day years?*

Accepted Answer

The days-per-year option impacts interest rate calculations. The calculation divides the nominal annual rate by 360 for equal length periods, 365 for actual length periods, and 366 if a leap year. Advanced calculators, such as the Ultimate Financial Calculator, give the user the ability to select the days-in-year.

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