If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.
About the Redesign
If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.
If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.
The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).
Thank you in advance for your help and patience as I work to improve the redesign.
This calculator will calculate the time and financial opportunity costs of buying and owning goods that lose their value with time and use (depreciating assets), and that may come with one or many ongoing ownership costs. The Learn tab includes:
A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".
DataData recordData recordSelected data record: None
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Depreciable Assets TVM Calculator
When it comes to your financial future, this opportunity cost calculator is probably the most important online calculator you will ever run across.
In fact, ignoring the concepts brought to light in this calculator could end up costing you a vast fortune in potential future wealth!
Specifically, this calculator will calculate the time and financial opportunity costs of buying and owning goods for which the value declines with time and use, and which often come with one or many ongoing costs of ownership. These goods are often referred to as depreciable or depreciating assets.
The calculator will also translate the monetary opportunity costs into the opportunity cost of time, as in, how many hours could you take take off from work at some point in future if you invested the cost of buying and owning instead of repeatedly buying and owning new versions of the same asset.
If you are interested in calculating opportunity costs for purchases for which the value lasts less than one year, and that do not come with ongoing ownership costs, please visit the TVM for Consumables Calculator -- which also includes the answer to "What is Time Value of Money?" as well as an eye-opening explanation of the little-thought-of concept I refer to as, The Money Value of Your Time.
Or, if you are interested in using a calculator specific to one of the 4 primary time value of money concepts, please choose from the following calculating options:
Enter the opportunity cost variables, which include: the annual return on your investments your hourly wage, and the number of years you would like to calculate opportunity costs for.
Enter the asset purchase variables, which include: the asset name, the number of years you plan to own the asset, the base price, the salvage value, the sales tax percentage (if applicable), the miscellaneous fees, and the cash down-payment if financing.
If you are financing any portion of the purchase, enter the financing cost variables, which include: the loan rate, the number of months to finance, and any loan fees that will apply.
Enter any annualized ownership costs that will come with the purchase of the asset, which might include costs such as energy, insurance, storage, maintenance, repairs, licenses, permits, and property tax costs.
Click the "Calculate Opportunity Costs" button and scroll down to view the results and the summary.
If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.
To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.
To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.
To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.
Numbers and Decimals:
Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.
Popup Tool Tips:
Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.
Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.
Scrolling & Shrinking:
In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.
If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.
The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.
This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):
About: Click this tab for an introduction to the calculator.
Instructions: Click this tab for step-by-step instructions for using the calculator.
Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).
PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.
Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.