The Effect of Financial Calculations in the Nigerian Economy

It is true that tiny drops of water can make an ocean but time interval at which it drops and its consistency are the keys. No child becomes an adult within the space of one year. It takes several years of growth and development for that dream to become an obvious reality. One is not left in the dark on the effect of financial calculations in the economy except they’ve chosen to be intentionally blind to its truth.

The economy of a nation or a person can be affected in no small way by certain financial calculations like taxes,charges etc both positively and negatively depending on who receives and who gives. A nation involved in international trade have the responsibility of paying certain levies saddled on her shoulder, some of which might be too high and could possibly devalue her currency.

Business owners also owe it to certain government bodies to pay taxes at a fixed rate which might possibly increase with the fleeting of years and takes no consideration of the woes and fortunes of the business owner per time. Though it is a decent source of fund that can be cruel to those it is being sourced from,revenues are being generated when these funds are invested in certain sectors that have been known for wholesale delivery of bountiful returns,which in turn can serve as a means of giving back to the society and people who labour to make policies, enforce and carry it out in different strata of the working sector.

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Nickzom Calculator Solves Future Value Calculations

Nickzom Calculator Solves Future Value Calculations

According to Investopedia,

Future value (FV) is the value of a current asset at a specified date in the future based on an assumed rate of growth.

If, based on a guaranteed growth rate, a $10,000 investment made today will be worth $100,000 in 20 years, then the FV of the $10,000 investment is $100,000. The FV equation assumes a constant rate of growth and a single upfront payment left untouched for the duration of the investment.

According to Wikipedia,

Future value is the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is “worth” at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. The value does not include corrections for inflation or other factors that affect the true value of money in the future. This is used in time value of money calculations.

Nickzom Calculator+ (Professional Version) – The Calculator Encyclopedia has a Future Value Calculator this calculator requires certain parameters such as:

  • Number of Periods
  • Starting Amount
  • Interest Rate
  • Periodic Contribution
  • Contribution at the beginning or end of each payment.

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Nickzom Calculator+: The Latest Trend In Solving Calculations

There is an ever-growing demand for problems and challenges to receive immediate solutions and prompt response. Society has become fast-paced, giving edge to only those who can raise their heads high and compete. The education world is not left out in this speed race. If ever there has been a push for students to perform … Read more