# Ultimate Financial Calculator

### What is the Ultimate Financial Calculator?

The Ultimate Financial Calculator (UFC) is the most sophisticated, most flexible calculator on AccurateCalculators.com and I think on the entire internet.

If you are someone who needs date accurate **time value of money** calculations for either regular or irregular **cash flows** (loans, payments, deposits, withdrawals, investments), this is the calculator you should study and use.

See the tutorials for step-by-step guides.

Questions?

Feel free to post your questions, comments or concerns at the bottom of this page. Remember, I'm here to help. There's a lot more below

#### Recent changes and enhancements

- Jan. 10, 2024: Changed the default long and short-period interest options under "Settings." This means
**you will not get the same results**you previously had__unless__you reselect your preferred setting. - 2023: Save any schedule's data to
**Word/docx**or**Excel/xlsx**files. Click on "Schedule" then "Continue" past the title page. - The calculator automatically sorts the cash flow prior to file save and calculation. This fixes the issue where the "Unknown" did not calculate due to overlapping dates in different cash flow series unless the user had clicked the "Expand" button.

## Calculator's Features

*for step-by-step instructions.*

**24 tutorials**### Solve for any unknown

- Payment or loan amount
- Deposit or withdrawal
- Yields: APR, APY or IRR
- Balance as of a specific date
- Present value (PV)
- Future value (FV)
- Balloon payment amount
- Payment required to reach a specific balloon
- Number of payments
- Discounted values
- Remaining balance
- Deposit required

### Any type of calculation method

- Normal amortization or investment
- Rule-of-78s
- Canadian methods
- U.S. Rule — simple interest
- Supports 360, 364, 365 and 366 day years*
- Exact day or periodic interest calculations

### Scheduled (but adjustable) Payment Frequencies

- Daily
- Weekly
- Bi-weekly
- Twice monthly (Half-month)
- Every 4 weeks
- Monthly
- Bi-monthly (every two months)
- Quarterly
- Every 4 months
- Semi-annual
- Annual

### Flexible Reports & Schedules

- Amortization & investment schedules
- Select a fiscal year end
- Reg. Z APR disclosure calculation
- Track or keep an "Open Balance"
- Track escrow payments and disbursements

### Handles any type of cash flow

- Normal
- Interest-only
- Enter your own payment amount
- Negative amortization
- Skipped payments or deposits
- Fixed principal + interest
- Percent step amounts
- Dollar step amounts
- Balloon payments
- Extra payments — principal only
- Payments to interest
- Cash flow amounts set to any random date

### Compounding Frequencies

- Exact Day / Simple
- Daily compounding
- Weekly
- Bi-weekly
- Twice Monthly (Half-month)
- Every 4 Weeks
- Monthly
- Bi-monthly (every two months)
- Quarterly
- Every 4 Months
- Semi-annual
- Annual
- Continuous
- Change the frequency of compounding during a cash flow
- No compounding option when rate changes

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

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. You will see the impact to interest when there are odd days (that is, irregular periods), or when compounding is set to daily or exact. Many other calculators on this site support this option.

## Calculators the Ultimate Financial Calculator Replaces

With this calculator's flexibility, it will meet the needs of anyone searching for:

- loan repayment calculator
- loan payoff calculator
- mortgage payoff calculator
- repayment calculator
- student loan repayment calculator
- home loan repayment calculator
- car loan repayment calculator
- debt payoff calculator
- early mortgage payoff calculator
- debt repayment calculator
- individual or specialty
*TVM*calculators

Tell us how you use the **Ultimate Financial Calculator**. And naturally, if you have any questions, feel free to ask them below.

## mark says:

can i record more than 9 payments our do i have to buy the program

## Karl says:

The only limit to the number of individual payments you can enter is your patience.

Use the "Next" button at the bottom of the page once the first nine are entered. (Or click on the page 2 button.)

If you reach the end, you can click on the "Insert" button to add more empty rows.

## gerry giovanelli says:

Do you have a calculator to calculate the Adjusted Cost Base for a financial REIT investment with monthly dividends re invested?

Thank you for your reply

## Karl says:

No, sorry, not at this time.

## Dawn says:

Is there any way to save data in calculator to use later?

## Karl says:

Not with the web version. If you want to save your inputs, and if you are running Windows, then take a look at the C-Value! program. $49.95, one-time purchase price. C-Value! is functionally equivalent to the online Ultimate Financial Calculator.

## Mark says:

I have pretty much tried pretty much every bi-weekly Loan amortization schedule on the web. Yours is the most accurate by a long shot. Thank you!!!!!!

## Karl says:

You’re welcome! And thanks for letting me know how the competition is stacking up. 🙂

If you used this calculator to create the biweekly amortization schedule, you might also be interested in this dedicated biweekly payment calculator. It will create a single schedule incorporating both a monthly and a biweekly loan so that you can easily compare the two scenarios.

## jp DZahr says:

Hello Karl,

This is JP I emailed you last week regarding our calculations above that when entering a higher mortgage payment than required, your calculator drops it back down to a minimum required monthly payment. How do we get your calculator to accept our higher monthly payment so we can see the term shorten?

Am I using the correct calculator?

Thanks

JP @ NextGen

## Karl says:

Hi, I thought I had replied but i can’t find it, so I must not have. Sorry.

I wouldn’t use the balloon calculator for that calculation since there is no balloon payment. I would use this calculator.

But if you want to use the balloon calculator, the issue it is having is, you’ve provide loan amount, rate, term and payment amount. You’ve also stated that there is no long period or odd day interest, even though it’s a long period. Since so many things are known, and are not compatible, the calculator is adjusting the payment amount (reducing it) so as to have a 0 balance at the end of the term. If the payment amount didn’t get adjusted then the term would not be what you specified. Something has to give. You could set the term to 0 so the calculator can calculate it with the payment amount you want. If you do that, enter $1,853,639.00 for the regular periodic payment as well as the final balloon payment (the final payment will be adjusted since the calculator calculate term by whole periods. That is, the term can not be 204 1/2 periods.

## krishnakant sharma says:

hi!

i want to embed financial calcualtors over my website….how can i do that

## Karl says:

If your website is built using WordPress, then you can use my WordPress plugins. There are seven of them here.

## Antonio says:

Hello! I have only one question, how can I calculate the initial Loan amount when I start to pay after a certain period? For example I made a Loan the 01/01/2019, with unknown amount, and I begin to pay the 01/01/2021. I have the final amount with each payment amount, the interest rate but I don’t have any other number. Thank you very much!

## Karl says:

Hi, do the loan payments vary in amount? If not, you need only create two rows. The first row, as you mentioned is for an unknown loan amount with the loan date set to 01/01/2019.

The 2nd row, enter the payment amount, payment frequency and number of payments. You can set the date for the payment row to 01/01/2021. Then check under "Settings" for long period interest options.

In your question, you didn’t mention the number of payments. If you don’t know that, then you can’t solve for the loan amount. When it comes to loan calculations, with respect to the four main variables, loan amount, interest rate, number of payments and payment amount, only one can be an unknown at a time. Think about it. If two are unknown, then the results are infinite.

## Faisal Halloum says:

This question relate to Leases. Do the calculators available online support Continuously Compounded Daily discounting for Quarterly lease payments. For example, 19 Quarterly payments of $51,300 starting from 25 March 2019 and ending 25 September 2023. Interest rate: 4.42%. I need to discount it back to 1 January 2019 with daily frequency and continuous compounding. I’ve done it on excel and the total PV is either $874,928.41 or $875,028.21 (depending on day count for the period between payment dates).

## Karl says:

Faisal, this calculator will do the calculation you need. However, the results are slightly different. The PV for the scenario you specified is $873,746.96 using a 360-day year, and $875,034.36 using a 365-day year. If you need to know how to set up the calculation, just ask.

## Faisal Halloum says:

Thank you Karl for your swift response, much much appreciated. Indeed it does and I got to the same results you noted above using the tool and manually using excel (including the digits). But I’m unable to match it exactly to how the oracle system does it. It is insignificant difference by all means but it is bugging me. But your tool gave me confidence in my excel workings.

## Laura says:

This is the best calculator I have ever found with all the inputs I have wanted, is there a way to save it and use it on a Mac please?

## Karl says:

Thank you!

My program C-Value! (link at the top of all web pages) works like this calculator and it allows users to save their inputs and settings. $49.95.

However, it only runs on Windows. There are programs for Mac that allow you to run Windows programs however. Parallels is one that I know about.

## Rob says:

Our contract initially had a 3 month month repayment schedule, and includes a 10% penalty for missed (not skipped), late, or short payments. How do you incorporate these types of situations in the calculator?

In this example, our customer had a $50,385 loan that was to be repaid in three monthly $17,019.43 installments based on an 8.00% annual interest rate. It seemed simple enough until they were late and short paid their first payment. Now I’m scrambling to figure out how much they owe.

## Karl says:

You can add the penalty to the loan balance as a new loan or fee. You’ll need to calculate the penalty. That is, calculator won’t calculate the penalty amount for you. (Is it 10% of the balance of the loan? Or 10% of the payment amount due?)

## Rob says:

Using a new fee seems to work. The penalty is 10% of the amount due.

## Karl says:

Yes, fee will work, mathematically. Entering a fee add to the balance of the loan. The only thing is some people might quibble about the label "fee" rather than "penalty."