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All Financial calculators
in one
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Mortgage
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Mortgage Offset
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All-in-One equity
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Canadian Amortization
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Line of Credit
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Loan
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Lease
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Hire Purchase
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Savings
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Funds
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Retirement
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Superannuation
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Perpetuity
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Equivalent interest rate
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Comparison rate
APR
AAPR
APY
APYY
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Bank statement reconciliation
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Advanced
Financial Functions
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Financial calculator - software technical features
Financial calculator
True rates, Comparison rate, Annual Cost Rate and Maximum Interest rate cap
Financial Calculator Computation |
Calculate from
6 viewpoints |
Initial Amount, Term, Interest Rate,
Payment, Total Payments, Total Interest.
NPV, FV, IRR / XIRR / MIRR rate.
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| Type |
By days or periods in annuity type.
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| Precision |
Standard or Pin-rounding down or up to number of decimals.
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Term |
| In date |
Interest and payment on exact calendar or business day.
Interest calculated as 365, 365.25 or actual annual days.
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In period date
In period only |
Day, week, fortnight, month/2, 4weeks, month, month*2, quarter,
month*4, half year and year. (360, 364, 365).
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| Exit after |
Exit before full term.
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Term stream |
| Multi-term |
Split term in multiple streams with any mix of interest, payments,
ongoing fees and taxes.
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| Stepped rates |
Unlimited choice of interet step rates.
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Interest Type |
| Simple |
Interest Only, Flat / Add-on interest, Constant amortisation / Fixed Principal, Rule of 78,
Bank Discount.
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| Compound |
Interest Only, Bank discount, Fixed Principal, US Rule,
Principal & Interest.
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| Frequency |
Day, week, fortnight, month/2, 4weeks, month, month*2, quarter,
month*4, half year and year.
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| Deferred |
At beginning of the term by number of periods or by exact date.
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| Lease factors |
Calculate leasing with money or lease factors.
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Payment
Deposit
Withdraw |
Regular /
Irregular |
Calculated, Locked to fixed amount, or Smooth adjusted.
Gradient by % or by value, or calculated by your own formula.
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| Frequency |
Week, fortnight, month/2, 4weeks, month, month*2, quarter,
month*4, half year, year or once only.
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| Deferred |
At beginning or at end of the term by number of periods or by exact date.
In Arrears or In Advance.
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| Balloon / Residual |
Final payout or residual amount.
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Costs
Fees
Charges |
| Initial |
- up front |
| Annual |
- ongoing |
| Exit |
- at end |
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Your own description of costs and fees to appear on the statement.
Fixed amounts or calculated based on your own formula e.g.:
| . Present * 0.5% |
- stamp duty on initial loan amount. |
| . If(&Balance < 1000,5,0) |
- conditional fee depending on the balance. |
"Add" cost to initial amount borrowed.
"Add" ongoing fee to regular loan installment.
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| Irregular |
- 1 only |
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- reoccur |
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Assign to Lender or Government for true rate calculation.
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Taxes |
Deposits
Withdraws
Earnings |
Tax on savings calculated on deposits and withdraws.
Tax on total interest earned during the calendar or fiscal year.
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Irregular
Transactions |
Design your
own schedule |
Irregular payments, odd payments, deposits, withdraws, fees and tax, occurring:
Once only or at regular interval, "At Start" or "At End" of the period.
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Amortisation Schedule |
Amortisation /
Capitalization |
Standard amortisation, cumulative or annual totals only.
By periods, by period date or by actual calendar date.
Amortization split by tax fiscal year.
Drill down to detail debit & credit statement transaction.
Export data and formulae to external application.
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Statement |
Debit & Credit
transactions |
Bank statement transactions.
View interest calculation, other formulas and escrow account.
Standard or annual totals only.
By periods, period date or calendar date.
Export data to external application.
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Account |
| Administration |
Account information
Account notes
Account templates
Account financial calculator custom locks
Account Maximum Interest rate cap
Auto max interest rate to cap
Comparison centre to other accounts.
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Account
Profile |
| Administration |
Contract account details
Borrowers list and management
Guarantors list and management
Properties list and management
Other Entities list and management (Banks, Surveyors, Solicitors, Referees ...)
Profile notes
Define your own custom free fields.
Financials, DSR, NSR, NSI, LVR assessment panel
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Graph |
| Plot data |
Step trace, zoom and custom options.
Single or multiple case comparison.
Compare to similar scenario(s) by modifying base case.
Compare to other account(s) for total flexibility.
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Reports /
Export |
Custom
Options & graph |
Summary, Schedule, Statement.
Costs, Streams, Other Transactions.
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Rate
conversion |
Interest rate
conversions |
Convert nominal rate to effective rate and to equivalent rate.
From Simple interest to compound interest. Before and after tax
and inflation.
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Wizard |
Fund /
Retirement |
Future fund value and retirement income wizard.
Superannuation and 401k retirement projections.
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Options |
| Custom options |
Your preferred defaults and settings.
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Backup |
| Database |
Backup, restore and database management.
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Help
Tutorials
Glossary |
Context
Examples
PDF manual |
Sensitive help.
Glossary of terms.
More than 100 tutorials, from financial to inflation and investment.
Topic revisions with case examples, introduction to terminology and how to
apply to RICalc.
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MACC loans
SACC loans |
MACC
SACC |
Medium Amount Credit Contract loans.
Small Amount Credit Contract loans.
Australian Consumer Credit Legislation Amendment (Enhancements) Bill 2012
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True rates
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| CR |
Loan Comparison Rate.
Australian Uniform Consumer Credit Code (1974-94)
and
Consumer Credit Regulation.
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| ACR |
Loan Annual Cost Rate.
Australian Consumer Credit Legislation 2012.
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| APR |
Loan Annual Percentage Rate. Actuarial and US-rule methods.
USA Truth in Lending Act, (TILA - 1968) regulation Z and M.
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| APY |
Savings Annual Percentage Yield. Actuarial and US-rule methods.
USA Truth in Saving Act, (TISA - 1991) regulation DD.
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| AAPR |
RICalc Average Annual Percentage Rate. AAPR Net.
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| AAPY |
RICalc Average Annual Percentage Yield.
AAPY Net and AAPY Real.
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Single or average for streams (stepped). |
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Why True rates?
Most financial transactions in present days include costs other than interest,
and hence the need to calculate a rate that reflects the true cost of
borrowing or savings.
A true rate is a rate that takes in consideration all factors in a financial transaction,
not just the interest rate.
A rate that represents all the cash flows involved in a financial transaction,
(interest, lender costs & fees, government charges, etc), and the timing between transactions
i.e. the true interest rate, not just the interest rate quoted.
RICalc computes true rates automatically every time a financial case is calculated,
either lending or savings, in periods or in calendar date format.
RICalc also provides a more concise true rate after net costs and tax, and after
inflation, in single and multiple streams.
RICalc is the professional software for true Comparison rate, capped Maximum Interest rate
and Annual Cost Rate calculations.
True rates are calculated as per "Consumer Credit Regulation" in Australia and "Truth in Lending / Truth in Savings" in US.
See above types of True Rates.
Financial calculator
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