Processing...

`P = f( HPR ) `

Enter a value for all fields

The Wage Calculator calculator computes gross annual, monthly, semi-monthly and weekly pay based on an hourly wage.

**INSTRUCTIONS**: Choose units and enter the following:

- (
**HPR**) Hourly Pay Rate - (
**WW**) Hours per Work Week

**Pay (P): **The calculator returns the pay amount in U.S. dollars. However, this can be automatically converted to compatible units via the pull-down menu.

The Wage Calculator assumes a 2,080 labor hours per year, 12 months, 52 weeks and 40 labor hours per week.

**Monthly Loan Payment:**Computes the monthly payment of a fixed interest rate loan (e.g., home mortgage or car loan).**Credit Card Equation:**Computes the number of months to pay off a credit card.**Mortgage Affordability**: Compute the amount of principal one can borrow based on monthly payment, duration and interest rate.**Leverage Ratio**: Calculates a ratio describing debt to income.**Compound Interest:**Computes the compounded interest on a fixed interest rate investment**CAGR:**Computes the compounded annual growth rate achieved on an investment.**Rule of 72:**Provides a quick estimate on time to double an investment**Simple Interest Earned:**Computes a rough estimate on interest earned over time.**Wage Calculator**: Computes the annual, monthly and weekly pay amounts base on hourly wage and hours per week.:**Current Mortgage Rates**- 30 Year Fixed Interest Rate: 7.05 %
- 15 Year Fixed Interest Rate: 6.48 %
- 7/6 SOFR ARM: 6.92 %