If you’re a professional in finance, accounting, or another field that requires a lot of calculations, a calculator can be a lifesaver. Whether you’re solving math problems in school or calculating your next business deal, having a good one on hand can make all the difference.
Calculators are a staple of business offices because they’re so handy for basic arithmetic, but they also come in handy for many other things. They have several functions that can be helpful for anyone who uses them regularly, and it’s important to find one with the features you need.
A good business calculator should perform at least three functions that are useful to most financial professionals: Amortization, TVM (time value of money), and cash flow analysis. Those functions can help you calculate the interest accrued on a loan, determine how much a bond will be worth at maturity, and even figure out a cash flow budget for your business.
Date arithmetic is another great function that helps you figure out exactly how long a loan will be until it’s paid off. This can save you time and hassle if you’re a banker or mortgage broker, for instance.
You can also use a calculator to keep track of your daily schedule, which is particularly helpful if you’re a working parent or stay at home mom who has to take care of kids and pets while you’re at work. You’ll want to find a model that can store your appointments and other information in a memory bank for easy access.
The size of your desk is another factor to consider when choosing a calculator, especially if you’re looking for something that can fit on your desktop. This can help you avoid having to buy a calculator that is too big for your workspace, which could be inconvenient or distracting.
In addition, you may also want to consider the size of the display. A large screen can make it easier to read the numbers without having to scroll. It also makes it more comfortable to use for long periods of time, since the font is larger and the numbers are easy to see from a distance.
Some models have an auto power-off feature that turns off the unit after a set amount of time if you’re not using it. This is a great way to cut down on your energy use, especially if you’re often away from the office.
You can also save on your energy costs by using ENERGY STAR certified office equipment, according to the U.S. Environmental Protection Agency and Department of Energy. ENERGY STAR certified products can save you a minimum of 0% in annual energy cost savings and a minimum of $0 or less in total life cycle costs, including a reduction in greenhouse gas emissions.
You can find a variety of office equipment and tools online at prices that won’t break the bank. You can get office furniture, printers, shredders, and other items to help you run a smoothly functioning office.