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The H. Kenneth Barker Center for Economic Education

Calculators

Online Economic Calculators

Economic Hardship Deferment Calculator

Subject Area: College Tuition

Description: This calculator helps borrowers determine whether they are likely to qualify for an economic hardship deferment. It implements the federal regulations at 34 CFR 682.210(s)(6) and 34 CFR 674.34(e) and the statute at section 435(o) of the Higher Education Act.

Grade Levels:College

Link: http://www.finaid.org/calculators/economichardship.phtml

Economic Stimulus Tax Rebate Calculator

Subject Area: Personal Finance

Description: This calculator properly takes into account the information from the bill passed by Congress and signed into law by the President (H.R.5140) and has been verified by CPAs and tax accountants.

Grade Levels: 9-12

Link: http://www.consumerismcommentary.com/2008/01/28/economic-stimulus-tax-rebate-calculator/

2009 Economic Stimulus Tax Rebate Calculator

Subject Area: Personal Finance

Description: Calculator to find amount of your 2008 Tax Rebate from Economic Stimulus Act.

Grade Levels:9-12

Link: http://www.yourmoneypage.com/family/rebate2008a.php

Payment Calculator for Mortgages, Car Loans, and Other Closed-End Credit Loans

Subject Area: Personal Finance Education

Description: Calculate payment schedules for credit cards, mortgages, car loans and other credit loans.

Grade Levels:6-8, and 9-12

Link: http://www.dallasfed.org/educate/calculators/closed-calc.cfm

Payment Calculator for Credit Cards and Other Open-End Credit Loans

Subject Area: Personal Finance Education

Description: Calculate payment schedules for credit cards, mortgages, car loans and other credit loans.

Grade Levels:6-8, and 9-12

Link: http://www.dallasfed.org/educate/calculators/open-calc.cfm

Interactive Energy Calculators

Subject Area: Economics and Science

Description: Our calculators help you understand energy production and consumption in a whole new way. Use them to develop a personal profile of your own energy use. Types include carbon polluter calculator, electric power pollution calculator, PV system Economics, Solar Water Heating, and What’s a Watt?

Grade Levels:6-8, and 9-12

Link: http://www.infinitepower.org/calc_pv.htm

Debt Free

Subject Area: Personal Finance

Description: Find out how long it will take to become debt free and how much you'll pay in interest by making the minimum monthly payments. You can also crunch the numbers using any fixed payment of your choice. If you tell us when you'd like to pay off the plastic, we'll tell you what payments you'll have to make to achieve that goal. You might be surprised.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

How Fast Will My Savings Grow?

Subject Area: Personal Finance

Description: When estimating a projected rate of return, keep in mind that the classic portfolio with 60% in stocks and 40% in bonds gained an average of 9% over the past 75 years. We've assumed investors sell 20% of their holding in their taxable accounts each year, incurring short- and long-term capital gains taxes along the way. You can do better if you trade less and hold tax-efficient mutual funds. You should save the maximum allowed in your tax-deferred accounts (such as 401(k)s and IRAs). Because you won't have to pay taxes each year on gains and dividends, money will grow faster. Good luck.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/savingscalc/savingscalc.html

Millionaire Calculator

Subject Area: Personal Finance

Description: When estimating a projected rate of return, keep in mind that the classic portfolio with 60% in stocks and 40% in bonds has historically returned an average of 9% a year. We've assumed investors sell 20% of holdings in their taxable account every year, incurring long- and short-term taxes along the way. You can reach your goal faster if you trade less and hold tax-efficient mutual funds. In addition, you should save the maximum allowed in your retirement accounts. Because you don't have to pay taxes on gains each year, money will grow faster than in taxable accounts.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/millionaire/millionaire.html

How Much House Can you Afford?

Subject Area: Personal Finance

Description: To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/houseafford/houseafford.html

Cost of Living Estimator

Subject Area: Personal Finance

Description: Using data provided by researchers at ACCRA, Inc., we compare key expenses in dozens of major cities. Costs include housing, utilities, transportation and health care.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/costofliving/costofliving.html

Renovation Wizard

Subject Area: Personal Finance

Description: Results based on national averages from Remodeling magazine's "Cost vs. Value" report.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/renovation/renovation.html

What Will Your Mortgage Payment Be?

Subject Area: Personal Finance

Description: Calculate your mortgage payment on a house with a 30 year term, 1.5% property tax on the purchase price, an annual premium of $481 homeowner’s insurance.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/mortgagecalc/

Retirement Planner

Subject Area: Personal Finance

Description: Our retirement planner helps you estimate how well your savings program is preparing you for retirement. First we help you figure out how much you'll need. Then we tell you your chances of getting there. And if it looks like you'll fall short, we offer some suggestions for improving your plan.

Grade Levels:6-8, and 9-12

Link: http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp

Rate of Return

Subject Area: Personal Finance

Description: Calculate your home’s rate of return.

Grade Levels: 9-12

Link: http://cgi.money.cnn.com/tools/returnrate/returnrate.jsp

Tax Rebate Calculator

Subject Area: Personal Finance

Description: Determine how much you will get from Uncle Sam with the Kiplinger Tax Rebate Calculator.

Grade Levels: 9-12

Link: http://www.kiplinger.com/tools/rebate/

Cost of Living Calculator

Subject Area: Personal Finance

Description: Any time you compare dollar amounts over time, the amounts should be adjusted for price inflation. With this calculator, you can compare the real buying power of any dollar amount you enter in the box. For example, $100 in 1913 had the same buying power as $1,584.85 in 1996.

Grade Levels: 9-12

Link: http://www.aier.org/research/cost-of-living-calculator/

Basic Family Budget Calculator

Subject Area: Personal Finance

Description: The Family Budget Calculator lets you determine the income needed for particular types of families to make ends meet. Because costs of goods and services vary across the U.S., the calculator customizes the budgets for every U.S. community—over 600 in all. Simply select from one of six family types, pick a state, and then select a community to see how much that family is likely to need for housing, food, child care, etc. The calculator also shows the percent and number of families in that state living below the family budget level.

Grade Levels: 6-8 and 9-12

Link: http://www.epi.org/content/budget_calculator/

What is the Relative Value?

Subject Area: Personal Finance

Description: Determinine the relative value of an amount of money in one year compared to another.

Grade Levels: 6-8 and 9-12

Link: http://www.measuringworth.com/uscompare/

Purchasing Power of Money

Subject Area: Personal Finance

Description: To determine the value of an amount of money in a particular ("original") year compared to another ("desired") year, enter the values in the appropriate places. For example, you may want to know: How much money would you need in the year 2007, to have the same "purchasing power" of $500 in year 1970. If you entered these values in the correct places, you will find that the answer is $2,669.18. You can make this computation among all the years between 1774 and 2007.

Grade Levels: 6-8 and 9-12

Link: http://www.measuringworth.com/ppowerus/

Annual Inflation Rates

Subject Area: Personal Finance

Description: The inflation rates computed here measure the annual rate of change of the cost of a bundle of goods and services a representative household bought in a base year.

Grade Levels: 6-8 and 9-12

Link: http://www.measuringworth.com/inflation/

Annualized Growth Rate of Economic Series

Subject Area: Personal Finance

Description: Because most economic variables grow over time, the annualized growth rate is a useful computation for comparing rates of growth of a given series for various time periods and of different series over the same time period.

Grade Levels: 6-8 and 9-12

Link: http://www.measuringworth.com/growth/

How much would your US Savings have grown?

Subject Area: Personal Finance

Description: This calculator computes how much an amount saved in an initial year grows, depending on the type of financial investment or asset chosen.

Grade Levels: 6-8 and 9-12

Link: http://www.measuringworth.com/ussave/

Economic Loss Calculators

Subject Area: Personal Finance

Description: Brown Economic Consulting has developed five on-line economic calculators that provide accurate, reliable damage estimates: Non-Pecuniary Damages, Present value Damages, Working Life/Life Expectancy, Housekeeping Damages and Income Damages.

Grade Levels: 6-8 and 9-12

Link: http://www.browneconomic.com/productsServices/calculators.html

Housing Cost Calculator

Subject Area: Personal Finance

Description: This calculator compares the cost of owning a home relative to renting for a potential new homeowner. The Housing Cost Calculator reports the "Net Cost of Owning" -- the expected amount of additional cash available to a renter compared to the amount available to a homebuyer who buys a home today and sells the home at a specified time in the future. The calculator takes into account the unprecedented run-up in real home prices since 1997.

Grade Levels: 6-8 and 9-12

Link: http://www.cepr.net/calculators/hb/hcc.html

Economics Calculators – Interest Rate Tables

Subject Area: Personal Finance

Description: Use these online tools to estimate costs, plan budgets, calculate interest rates, and solve problems related to finances and construction.

Grade Levels: 6-8 and 9-12

Link: http://architecture.about.com/od/economics/Economics_Calculators_Interest_Rate_Tables.htm

Ameriprise Financial Calculators

Subject Area: Personal Finance

Description: Find out how much to save for retirement, college and more with our easy-to-use financial calculators, retirement calculators and financial tools.

Grade Levels: 6-8 and 9-12

Link: http://budgeting-investing.ameriprise.com/budgeting-and-forecasting/

Budget Calculator

Subject Area: Personal Finance

Description: Determine expenses and income in order to create a budget for college.

Grade Levels: 9-12

Link: http://www.ed.gov/offices/OSFAP/DirectLoan/BudgetCalc/budget.html

Standard, Extended, and Graduated Repayment Calculator

Subject Area: Personal Finance

Description: Once you have entered the values, click the calculate button and estimated initial monthly payment amounts for each repayment plan will appear.

Grade Levels: 9-12

Link: http://www.ed.gov/offices/OSFAP/DirectLoan/RepayCalc/dlentry1.html

Income Contingent Repayment Calculator

Subject Area: Personal Finance

Description: Once you have entered the values, click the calculate button and estimated initial monthly payment amounts for each repayment plan will appear.

Grade Levels: 9-12

Link: http://www.ed.gov/offices/OSFAP/DirectLoan/RepayCalc/dlentry2.html

Federal Direct Consolidation Loans Calculator

Subject Area: Personal Finance

Description: Calculate payments on loan consolidation.

Grade Levels: 9-12

Link: https://loanconsolidation.ed.gov/loancalc/servlet/Controller?controller_task=startCalculator

Financial Goals Calculator

Subject Area: Personal Finance

Description: Try our Financial Goals Calculator to figure out what your savings will be worth in the future, or how long it will take to reach your goals

Grade Levels: 6-8 and 9-12

Link: http://www.smithbarney.com/cgi-bin/yinopen/compound.cgi

Savings and Budget Calculator

Subject Area: Personal Finance

Description: Find out the answers to...What are young investors expected to pay for? What might it average on a monthly basis? Why not estimate the amount spent over a full year to arrive at the monthly average?

Grade Levels: 6-8 and 9-12

Link: http://www.smithbarney.com/cgi-bin/yinopen/budget2.cgi

Credit Card Payoff Calculator

Subject Area: Personal Finance

Description: If you have credit card debt, one of your first financial goals should be to pay it off fast. Use this calculator to find out how much you’ll need to pay each month to eliminate the debt.

Grade Levels: 6-8 and 9-12

Link: http://www.schwabmoneywise.com/activities/Calculator_credit-card-payoff.htm

Cost of Debt Calculator

Subject Area: Personal Finance

Description: Debt can get very expensive, very fast. Use this calculator to add up all of your debt and find out how much you could be paying in interest.

Grade Levels: 6-8 and 9-12

Link: http://www.schwabmoneywise.com/activities/Calculator_cost-of-debt.htm

Save a Million

Subject Area: Personal Fiannce

Description: Ever wondered how much money you would have if you saved on a regular basis? Try Save A Million to see the power of compounding and the long-term benefits of saving on a regular basis.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/million/index.php

Rework Budget

Subject Area: Personal Finance

Description: Do you wonder where all your money goes? Use Rework Budget to help you get organized and see what you can do to keep more of your money.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/budget/index.php

Entertainment Planner

Subject Area: Math

Description: How much do you plan to spend on hosting parties? Don't forget all the costs involved. This budgeting tool can help.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/entertaining/allseason/index.php

Travel Calculator

Subject Area: Math

Description: If you plan to travel soon, take some time to note how much it will cost you. This budgeting tool can help.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/travel/allseason/index.php

Retirement

Subject Area: Personal Finance

Description: Have enough retirement money? Use Retirement to determine how much you'll need to save to reach your retirement goals.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/retirement/index.php

Cost of Credit

Subject Area: Personal Finance

Description: What's the true cost of credit card purchases? Use cost of credit to see the effects of the amount you pay on the total cost of your items.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/credit/index.php

Cost of Loans

Subject Area: Personal Finance

Description: Which loan terms are better? Use Cost of Loans to calculate the cost of a loan or to compare the cost of two different loans.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/loans/index.php

Gift Log

Subject Area: Personal Finance

Description: Keep track of who is on your shopping list, how much you plan to spend and how well you stick to your gift budget.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/giftlog/allseason/index.php

Holidays: How much should you spend?

Subject Area: Personal Finance

Description: Your holiday spending should be based on your income. So how much spending makes sense for you? Find out using this easy calculator.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/howmuch/index.php

Auto Loan

Subject Area: Personal Finance

Description: It’s important to know what price range to look in when shopping for a car. Binding yourself to a car payment that you can’t afford can have a serious negative effect on your finances.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/auto/index.php

Save for College

Subject Area: Personal Finance

Description: Saving for college can be a tricky process. First, you need to decide what type of school the benefactor of this money will attend. Then, there are expenses beyond tuition. Books, materials, off-campus housing, food, etc. You also have to consider that as you save, prices will also increase.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/college/index.php

Mortgage

Subject Area: Personal Finance

Description: How much house can you afford? A house is a major investment that will greatly affect your financial future. Before you start shopping, be sure you know how much house you can afford.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/mortgage/index.php

Back to School Budgeting

Subject Area: Personal Finance

Description: Give your children hands-on experience with this quick and easy Back-to-School Budget Calculator. The calculator will help you and your student consider all of your expenses, make necessary adjustments, and hit the stores armed with your pre-determined budget! Check out the "Helpful Tips" for more ways to teach your kids smart money management habits as you shop.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/wizards/school/index.php

Budgeting for Baby

Subject Area: Personal Finance

Description: Preparing for a new addition? According to government estimates, the average middle-income family will spend roughly $10,000 on child-related expenses in the first two years of life ($8,000 for a second child), and some experts suggest that figure may be too low. Let us help you calculate your new budget plan for one-time and monthly expenses.

Grade Levels: 6-8 and 9-12

Link: http://www.practicalmoneyskills.com/english/resources/calculators/

Toolbox

Subject Area: Personal Finance and Economics

Description: Need help with calculating, assessing, and understanding your financial needs? You’ve hit the jackpot! A variety of calculators to help you budget, a series of worksheets geared to help you plan for your future, and an extensive glossary are among the resources contained in the Personal Finance Center Toolbox.

Grade Levels: 6-8 and 9-12

Link: http://studentcenter.ja.org/aspx/PlanFinances/Toolbox.aspx

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