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Category: finance

link to Financial Functions in Excel

Financial Functions in Excel

Excel has over 50 special financial functions. However, the most important 7 financial functions in Excel are: FV, PV, PMT, RATE, NPER, NPV and IRR. These functions are required skills for financial...

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link to Debits and Credits Explained: An Illustrated Guide

Debits and Credits Explained: An Illustrated Guide

Debits and credits are used to record every business transaction. This guide explains debits and credits rules using the acronym "DEALER" for each account.

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link to Net Worth Calculator: What’s Your Net Worth?

Net Worth Calculator: What’s Your Net Worth?

Net worth shows the assets remaining after paying all your debts. Use this net worth calculator to find your personal net worth. You should know your net worth.

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link to Rule of 72: Formula and Calculator

Rule of 72: Formula and Calculator

The rule of 72 is an estimate of how quickly an investment doubles. The formula is 72 divided by the interest rate. As returns increase, the years needed to double decrease.

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link to Average Net Worth by Age 80

Average Net Worth by Age 80

The U.S. median net worth is $258,531 for 70-74 year olds and $272,976 for 75-79 year olds. The median net worth for individuals over 80 is $235,193.

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link to Average Net Worth by Age 70

Average Net Worth by Age 70

The U.S. median net worth is $228,833 for 60-64 year olds and $271,805 for 65-69 year olds. So, the median net worth by age 70 is over $272,000.

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