Easy Finance Calculator

easy-finance-calculator is a simple and efficient npm package to calculate financial metrics such as Simple Interest, Compound Interest, and SIP Returns. Designed for developers, it provides an easy-to-use API for common financial calculations.

NPM Website link:

https://www.npmjs.com/package/easy-finance-calculator  

Installation

To install the package, run:

npm i easy-finance-calculator

Features

• Simple Interest Calculator: Calculate simple interest for yearly or monthly periods.
• Compound Interest Calculator: Calculate compound interest with customizable compounding frequency.
• SIP Calculator: Calculate SIP future values, total investment, and potential returns.

How to Use

Import the Package

To use the package, import the desired functions:

const {
  simpleInterestCalculator,
  compoundInterestCalculator,
  sipCalculator,
} = require('easy-finance-calculator');

1. Simple Interest Calculator

The simpleInterestCalculator function calculates simple interest based on principal, rate, and time.

Function Signature:

simpleInterestCalculator(principal, rate, time, period = "year", toDecimal = 2)

Arguments:

• principal (Number): Principal amount.
• rate (Number): Annual interest rate in percentage.
• time (Number): Time period.
• period (String): Time period type ("year" or "month", default: "year").
• toDecimal (Number): Number of decimal points (default: 2).

Example:

const result = simpleInterestCalculator(1000, 10, 2);
console.log(result);
// Output: { interest: '200.00', amount: '1200.00' }

2. Compound Interest Calculator

The compoundInterestCalculator function calculates compound interest with adjustable compounding frequency.

Function Signature:

compoundInterestCalculator(principal, rate, timesCompounded, years, digit = 2)

Arguments:

• principal (Number): Principal amount.
• rate (Number): Annual interest rate in percentage.
• timesCompounded (Number): Number of times interest is compounded per year.
• years (Number): Time period in years.
• digit (Number): Number of decimal points (default: 2).

Example:

const result = compoundInterestCalculator(1000, 5, 4, 3);
console.log(result);
// Output: { amount: '1161.05', CI: '161.05' }

3. SIP Calculator

The sipCalculator function calculates the future value of SIP investments, total investment, and potential returns.

Function Signature:

sipCalculator(principal, rate, years, digit = 2)

Arguments:

• principal (Number): Monthly investment amount.
• rate (Number): Annual return rate in percentage.
• years (Number): Time period in years.
• digit (Number): Number of decimal points (default: 2).

Example:

const result = sipCalculator(5000, 12, 10);
console.log(result);
// Output:
// {
//   futureValue: '1162161.28',
//   totalInvestment: '600000.00',
//   potentialReturns: '562161.28'
// }

License

This project is licensed under the Apache-2.0 License.

Contributing

If you'd like to contribute to easy-finance-calculator, feel free to open an issue or submit a pull request on the GitHub repository. Contributions, issues, and feature requests are welcome!

Feedback

If you find this package helpful or have suggestions for improvement, feel free to reach out or leave a review! 😊