Financial Calculator vs Formulas
Hi,
do you guys use a financial calculator? I mean not only to check numbers on the job but also for your private financial decisions (e.g. when it comes to saving plans or loans etc.). So far, I think one can do a lot with basic formulas like NPV, annuity factor and so on but was wondering what your approach is. Do you go for convenience and use a device with built in functions or do you prefer to fully comprehend the math behind it?
I didn't use a financial calculator once in my 3+ years of banking. Haven't used it so far in PE either. I'll pretty much always have my laptop w/ me so Excel is easiest for me.
Haven't used one since day 1 of training back in IB when we all played around with it for 10 minutes
I lean toward formulas in a spreadsheet for things like NPV and annuity factors, since I can see every input and check the math. A calculator is handy for a quick check, but the formula version is easier to audit.
It depends on how complex the numbers are. For basic NPV, I just use Excel or a simple calculator.
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