Changelog

September 2026, page 3

Exponential Regression Calculator

Last reviewed 12 September 2026

Counts the rows dropped because y was not positive instead of discarding them silently, and states which noise model each fitting objective corresponds to — lognormal multiplicative error for the linearised fit, additive normal for the other — so the choice is stated rather than made by whichever tool was opened.

4updates in all, on the calculator's own page

Burn Rate Calculator

Last reviewed 12 September 2026

Separated gross burn from net burn and verified that runway follows net burn, so revenue is not double-counted against the cash balance.

2updates in all, on the calculator's own page

Net Profit Calculator

Last reviewed 12 September 2026

Tested the full waterfall for internal consistency: revenue less cost of goods, operating expenses, interest and tax must reconcile to net profit at every step.

2updates in all, on the calculator's own page

Return on Equity Calculator

Last reviewed 12 September 2026

Verified the DuPont identity directly — return on assets multiplied by the equity multiplier reproduces return on equity — so the decomposition shown cannot disagree with the headline ratio.

2updates in all, on the calculator's own page

Return on Assets Calculator

Last reviewed 12 September 2026

Verified the DuPont split: net margin multiplied by asset turnover reproduces return on assets exactly.

2updates in all, on the calculator's own page

GDP per Capita Calculator

Last reviewed 12 September 2026

Property-tested that output per head scales inversely with population, and documented the units trap: GDP in billions against population in millions.

2updates in all, on the calculator's own page

GDP Growth Rate Calculator

Last reviewed 12 September 2026

Tested that growth is measured against the starting period and that the absolute change reconciles to the rate.

2updates in all, on the calculator's own page

GDP Deflator Calculator

Last reviewed 12 September 2026

Tested that the deflator returns exactly 100 when nominal and real output coincide, which is the base-year definition the index rests on.

2updates in all, on the calculator's own page

Inflation Rate Calculator

Last reviewed 12 September 2026

Property-tested that the rate is measured against the starting index rather than reported as a change in index points, which is the error the page exists to prevent.

2updates in all, on the calculator's own page

Purchasing Power Calculator

Last reviewed 12 September 2026

Verified that purchasing power compounds rather than subtracting, and shortened the opening so the tool is reachable without scrolling past an explanation.

2updates in all, on the calculator's own page

Unemployment Rate Calculator

Last reviewed 12 September 2026

Tested that the denominator is the labour force rather than the population, which is what makes the rate fall when discouraged workers stop looking.

2updates in all, on the calculator's own page

Labor Force Participation Rate Calculator

Last reviewed 12 September 2026

Verified that participation is bounded at 100% and that it moves independently of the unemployment rate, which is why the two must be read together.

2updates in all, on the calculator's own page

Debt-to-GDP Ratio Calculator

Last reviewed 12 September 2026

Documented that the ratio compares a stock against a flow, and tested that values above 100% are reported rather than clamped.

2updates in all, on the calculator's own page

Money Multiplier Calculator

Last reviewed 12 September 2026

Verified that the multiplier is the reciprocal of the reserve ratio and that potential money creation scales linearly with the injection.

2updates in all, on the calculator's own page

Velocity of Money Calculator

Last reviewed 12 September 2026

Tested that velocity is nominal output over the money stock, and documented that the figure is uninterpretable without naming which monetary aggregate was used.

2updates in all, on the calculator's own page

Quantity Theory of Money Calculator

Last reviewed 12 September 2026

Verified the MV = PY identity in both directions, so the price level returned always reproduces the nominal output the money side implies.

2updates in all, on the calculator's own page

Sharpe Ratio Calculator

Last reviewed 12 September 2026

Verified that the risk-free rate is subtracted before dividing, since a high return in a high-rate environment is not the same achievement as the same return when cash pays nothing.

2updates in all, on the calculator's own page

Sortino Ratio Calculator

Last reviewed 12 September 2026

Tested that the Sortino ratio exceeds the Sharpe ratio whenever downside deviation is below total volatility, which is the entire reason the measure exists.

2updates in all, on the calculator's own page

Maximum Drawdown Calculator

Last reviewed 12 September 2026

Tested that drawdown is measured from the running peak rather than the opening value, and that the recovery figure always exceeds the drawdown it reverses.

2updates in all, on the calculator's own page

Expected Return Calculator

Last reviewed 12 September 2026

Verified that the expected value always lies between the best and worst scenarios, and that the probability total is reported so weights not summing to 100% are visible.

2updates in all, on the calculator's own page

Holding Period Return Calculator

Last reviewed 12 September 2026

Tested that the capital and income components always reconcile to the total return, so the split cannot drift from the headline figure.

2updates in all, on the calculator's own page

Annualized Return Calculator

Last reviewed 12 September 2026

Verified the compound rate against the growth multiple it implies, and confirmed it never exceeds the total return divided by the years — the error this page exists to correct.

2updates in all, on the calculator's own page

XIRR Calculator

Last reviewed 12 September 2026

Verified that the solved rate discounts every cash flow back to zero at its own date, checked against an independently written present-value function rather than the engine’s own.

2updates in all, on the calculator's own page

Portfolio Return Calculator

Last reviewed 12 September 2026

Tested that the weighted return always falls between the best and worst holding, and that the total weight is reported so weights not summing to 100% are visible.

2updates in all, on the calculator's own page

Effective Tax Rate Calculator

Last reviewed 12 September 2026

Property-tested that the effective rate never exceeds the marginal rate under a progressive table, which is the distinction the page exists to draw.

2updates in all, on the calculator's own page

Taxable Income Calculator

Last reviewed 12 September 2026

Tested that every deduction reduces the taxed figure and that the reported reduction percentage reconciles to the deductions entered.

2updates in all, on the calculator's own page

Payroll Tax Calculator

Last reviewed 12 September 2026

Verified that the employer half is reported separately and added to total employment cost, since it never appears on a payslip.

2updates in all, on the calculator's own page

Tax Refund Calculator

Last reviewed 12 September 2026

Tested that the result flips sign correctly around the break-even point, so a balance owed is reported as owed rather than as a negative refund.

2updates in all, on the calculator's own page

Bonus Tax Calculator

Last reviewed 12 September 2026

Verified both withholding methods against each other, and documented that withholding is not the final tax — the annual return reconciles it.

2updates in all, on the calculator's own page

Overtime Tax Calculator

Last reviewed 12 September 2026

Tested that the overtime rate is the base rate times the multiplier and that tax applies at the marginal rate only, not to regular pay.

2updates in all, on the calculator's own page

Estimated Tax Payment Calculator

Last reviewed 12 September 2026

Verified that existing withholding is subtracted before the quarterly split, so the instalments do not double-count tax already being collected.

2updates in all, on the calculator's own page

Quarterly Tax Calculator

Last reviewed 12 September 2026

Tested that the remaining liability divides across the quarters actually left rather than across four, which is what makes catching up work.

2updates in all, on the calculator's own page

Corporate Tax Calculator

Last reviewed 12 September 2026

Verified that any surcharge raises the effective rate above the headline rate, and that after-tax profit always reconciles to profit less tax.

2updates in all, on the calculator's own page

Dividend Tax Calculator

Last reviewed 12 September 2026

Tested that tax and net income always sum to the dividend, and documented that the applicable rate depends on whether the dividend qualifies.

2updates in all, on the calculator's own page

Loan to Value Calculator

Last reviewed 12 September 2026

Tested both directions — LTV from a loan, and the maximum loan at a target LTV — so the two modes cannot disagree on the same property.

2updates in all, on the calculator's own page

Net Operating Income Calculator

Last reviewed 12 September 2026

Verified that every expense line reduces NOI and that the implied cap rate is NOI over the price, so the two figures cannot drift apart.

2updates in all, on the calculator's own page

Gross Rent Multiplier Calculator

Last reviewed 12 September 2026

Tested that the implied market value is annual rent times the market multiple, and that the value gap reconciles to your own price.

2updates in all, on the calculator's own page

Vacancy Rate Calculator

Last reviewed 12 September 2026

Verified that vacancy and occupancy always sum to 100%, and that lost rent reconciles to the empty days across the unit count.

2updates in all, on the calculator's own page

Rental Yield Calculator

Last reviewed 12 September 2026

Tested that net yield never exceeds gross yield and that the gap is exactly expenses plus vacancy over the price.

2updates in all, on the calculator's own page

Step-Up SIP Calculator

Last reviewed 12 September 2026

Tested that a zero step-up reproduces a flat SIP exactly, and that total invested always reconciles with the contributions actually made.

3updates in all, on the calculator's own page

NPS Calculator

Last reviewed 12 September 2026

Tested that the lump sum and annuity corpus always add back to the full corpus, and that a 100% annuity share leaves no lump sum.

3updates in all, on the calculator's own page

Loan Affordability Calculator

Last reviewed 12 September 2026

Tested that a longer tenure always raises the maximum loan and the total interest together, and that a zero rate makes the loan the payments summed.

3updates in all, on the calculator's own page

Overtime Pay Calculator

Last reviewed 12 September 2026

Tested that zero overtime hours leaves only regular pay, and that a multiplier of one makes overtime hours worth exactly the base rate.

3updates in all, on the calculator's own page

Cost of Living Calculator

Last reviewed 12 September 2026

Tested that the percentage change and the absolute difference always agree with the required salary the ratio produces.

3updates in all, on the calculator's own page

Indexation Calculator

Last reviewed 12 September 2026

Tested that an unchanged index leaves the cost untouched, and that indexation can never increase the taxable gain.

3updates in all, on the calculator's own page

Average Cost Basis Calculator

Last reviewed 12 September 2026

Tested that the weighted average always falls between the cheapest and dearest lot price, and equals it when only one lot has units.

3updates in all, on the calculator's own page

Economic Order Quantity Calculator

Last reviewed 12 September 2026

Tested that ordering cost and holding cost are equal at the optimum, which is the defining property of the EOQ solution.

3updates in all, on the calculator's own page

Kruskal-Wallis Calculator

Last reviewed 9 September 2026

Reports a negative epsilon-squared rather than clamping it. It is (H - k + 1)/(n - k), which goes below zero when H falls short of its null expectation — the groups separating less than chance would produce, which is a finding rather than an error.

4updates in all, on the calculator's own page

Wilcoxon Signed-Rank Calculator

Last reviewed 9 September 2026

Warns when the differences are too asymmetric for a median reading. The test asks whether the differences are centred at zero, and that becomes a claim about the median difference only under symmetry — the same gap that makes Mann-Whitney not a median test.

3updates in all, on the calculator's own page

APY Calculator

Last reviewed 9 September 2026

Verified the effective-rate conversion against an independent expm1/log1p computation and property-tested that the yield rises with compounding frequency and never exceeds the continuous limit.

2updates in all, on the calculator's own page

Balance Transfer Calculator

Last reviewed 9 September 2026

Documented and tested the no-paydown simplification behind the avoided-interest figure, and confirmed the break-even point depends only on the fee percentage and the rate, not on the balance size.

2updates in all, on the calculator's own page

Bond Yield Calculator

Last reviewed 9 September 2026

Replaced the textbook approximate yield to maturity with an exact solve by bisection, after testing showed the shortcut could understate the yield by more than 20 percentage points on a short, deeply discounted bond and could even print a yield below the current yield, which a true YTM on a discount bond never does. The shortcut is now shown as a separate, labelled line so its error is visible, and the worked example, methodology and FAQ were corrected — they had previously claimed the exact yield would be lower than the approximation when it is higher.

2updates in all, on the calculator's own page

Cap Rate Calculator

Last reviewed 9 September 2026

Surfaced the implied valuation at an 8% cap rate, which the page had been calculating but never displaying, so the effect of a shift in market cap rates is now visible alongside the 6% figure.

2updates in all, on the calculator's own page

Capital Gains Tax Calculator

Last reviewed 9 September 2026

Corrected the short-term rate, which had been read from the single-filer bracket table for every filing status — taxing a joint filer on 75,000 dollars of income at 22% instead of 12%. Ordinary-income brackets now come from the same sourced federal table the Income Tax Calculator uses.

3updates in all, on the calculator's own page

Car Depreciation Calculator

Last reviewed 9 September 2026

Property-tested that the percentage of value lost depends only on the rate and the age, which is what makes the figure comparable between cars of different prices.

2updates in all, on the calculator's own page

Closing Cost Calculator

Last reviewed 9 September 2026

Fixed a breakdown that did not add up: the total already included the appraisal, prepaid interest and escrow setup, but only the origination, title and government lines were shown, so the itemisation on screen could not be reconciled against the headline figure. Every component is now displayed.

2updates in all, on the calculator's own page

Credit Utilization Calculator

Last reviewed 9 September 2026

Confirmed that an over-limit balance reports above 100% rather than clamping, since hiding that is the opposite of what someone checking utilisation needs.

2updates in all, on the calculator's own page

Debt-to-Income Ratio Calculator

Last reviewed 9 September 2026

Property-tested that the gap between the front-end and back-end ratios is exactly non-housing debt over income.

3updates in all, on the calculator's own page

Dividend Yield Calculator

Last reviewed 9 September 2026

Property-tested that the income split stays exact and that yield on cost exceeds current yield precisely when the shares have appreciated.

2updates in all, on the calculator's own page

Emergency Fund Calculator

Last reviewed 9 September 2026

Property-tested that the months-to-goal figure always closes the shortfall and never overshoots by a whole extra month.

2updates in all, on the calculator's own page

Extra Mortgage Payment Calculator

Last reviewed 9 September 2026

Fixed an off-by-one in the shortened-term solve that reported minus one month saved when no extra payment was entered, and confirmed by simulation that the solved payoff month is the first one that actually clears the balance.

2updates in all, on the calculator's own page

FIRE Calculator

Last reviewed 9 September 2026

Surfaced the exact month count behind the rounded years figure, which the page had been calculating but not displaying, and checked the accumulation loop against a closed-form solve.

2updates in all, on the calculator's own page

HELOC Payment Calculator

Last reviewed 9 September 2026

Confirmed by simulation that draw-period payments leave the balance exactly unchanged, which is what makes the step-up to the repayment payment the number worth showing.

2updates in all, on the calculator's own page

Home Equity Loan Calculator

Last reviewed 9 September 2026

Property-tested that borrowing the stated maximum lands exactly on the 85% combined loan-to-value cap the page quotes.

2updates in all, on the calculator's own page

Rental Property Calculator

Last reviewed 9 September 2026

Cross-checked the cap rate against the standalone Cap Rate Calculator on the same building, and confirmed the cap rate stays unlevered while cash-on-cash responds to the financing.

2updates in all, on the calculator's own page

Self-Employment Tax Calculator

Last reviewed 9 September 2026

Corrected the deductible half of the self-employment tax, which had been including the 0.9% Additional Medicare Tax. That surtax is reported on Form 8959 and is not part of the one-half-of-SE-tax deduction, so the deduction was overstated for higher earners.

2updates in all, on the calculator's own page

Student Loan Calculator

Last reviewed 9 September 2026

Verified the payment by simulating the loan month by month to a zero balance, rather than only re-running the amortisation formula.

2updates in all, on the calculator's own page

Cash Conversion Cycle Calculator

Last reviewed 8 September 2026

Treats a negative cycle as a business model rather than an input error, and says why: below zero, customers pay before suppliers do, so the supply chain funds growth instead of capital. The page also records the failure mode that comes with it, which is that the mechanism reverses when sales stop growing.

3updates in all, on the calculator's own page

DSO Calculator

Last reviewed 8 September 2026

States plainly that DSO is not "how long customers take to pay" but a stock over a flow, so it rises with growth even when every customer pays on the identical day of identical terms — the single most common way a receivables metric misleads the people reading it.

3updates in all, on the calculator's own page

DIO Calculator

Last reviewed 8 September 2026

Records that FIFO and LIFO produce genuinely different DIO for identical warehouses when prices are rising, so a cross-company comparison is only valid once the cost-flow assumption in the accounting-policy note has been checked.

3updates in all, on the calculator's own page

DPO Calculator

Last reviewed 8 September 2026

Documents where the familiar textbook figure of 36.7% comes from — it is the 360-day convention, against 37.2% simple and 44.6% compounded on 365 days — and the validator asserts all three rather than repeating the claim.

3updates in all, on the calculator's own page

Current Ratio Calculator

Last reviewed 8 September 2026

Also retires the "2.0 is healthy" rule of thumb explicitly: it is a mid-century manufacturing heuristic, and supermarkets run below 1 permanently without distress because their stock sells for cash before supplier invoices fall due.

3updates in all, on the calculator's own page

Quick Ratio Calculator

Last reviewed 8 September 2026

States the limit the acid test is usually credited with not having: it removes inventory but keeps receivables, so a comfortable quick ratio on a ledger collecting in 90 days is a promise rather than liquidity. The page routes that question to the DSO calculator instead of hand-waving it.

3updates in all, on the calculator's own page

Cash Ratio Calculator

Last reviewed 8 September 2026

The three rungs are computed by three separate engine functions rather than derived from one another, and the ordering current >= quick >= cash is then asserted as a property over five thousand generated balance sheets — an ordering that fell out of shared code by accident would still look right while a function was wrong.

3updates in all, on the calculator's own page

Working Capital Calculator

Last reviewed 8 September 2026

Treats negative working capital as a funding model rather than a defect — customers paying before suppliers is how grocers and marketplaces finance growth — while recording the specific risk that the mechanism reverses when volume stops growing and payables still fall due.

3updates in all, on the calculator's own page

Debt to Equity Calculator

Last reviewed 8 September 2026

Carries a lease toggle showing what the same company looked like before IFRS 16 put lease liabilities on the balance sheet in 2019 — retailers and airlines saw gearing jump overnight with no change in the business, so any trend line crossing that date needs both sides restated.

3updates in all, on the calculator's own page

Interest Coverage Ratio Calculator

Last reviewed 8 September 2026

Documents the interest the denominator does not contain: under IAS 23, borrowing costs on qualifying assets are capitalised into the asset rather than expensed, so a business mid-construction reports better cover than its cash position warrants. Also reports negative cover for a loss-making company as a real result rather than as no data.

3updates in all, on the calculator's own page

Altman Z-Score Calculator

Last reviewed 8 September 2026

Prints each term’s ratio, coefficient and contribution, and explains why retained earnings dominates: X2 is cumulative, so a young and profitable company scores badly for reasons unrelated to distress. The model was fitted on mature listed manufacturers and the page is explicit about where that stops applying.

3updates in all, on the calculator's own page

Expected Value Calculator

Last reviewed 8 September 2026

Reports probabilities that do not sum to 1 rather than normalising them silently, since a set summing to 1.4 is a missing or double-counted outcome and rescaling would conceal it. Also fixed a preset whose label said 'positive expected value' while computing −0.33.

4updates in all, on the calculator's own page

Monty Hall Calculator

Last reviewed 8 September 2026

The simulation alongside is seeded, so the figure quoted on the page is the figure a reader sees. It exists because this is the one probability result that algebra reliably fails to settle and observed frequencies reliably do — Erdős himself refused the algebra and accepted the simulation.

3updates in all, on the calculator's own page

Birthday Paradox Calculator

Last reviewed 8 September 2026

Exposes the day count as an input, because the same square-root law governs hash collisions: a space of a million values starts colliding at about 1,178 items, and a 32-bit identifier at about 77,000 records.

3updates in all, on the calculator's own page

Simpson's Paradox Calculator

Last reviewed 8 September 2026

Corrected a claim in an earlier draft. I had written that a reversal is impossible when either the base-rate spread or the composition spread is zero; only the first half holds. With identical composition the pooled difference is a positively-weighted average of the stratum differences, so it cannot overturn a unanimous verdict, but a bare majority can still be outweighed by one large stratum. Both directions are now asserted over a thousand generated datasets.

3updates in all, on the calculator's own page

Mann-Whitney U Calculator

Last reviewed 8 September 2026

Reports the probability of superiority and the rank-biserial correlation as the effect size, since U itself scales with both sample sizes and is not comparable across studies.

4updates in all, on the calculator's own page

One-Way ANOVA Calculator

Last reviewed 8 September 2026

Reports omega squared beside eta squared, since eta squared includes the between-group variation that arises by chance and always overstates the effect.

4updates in all, on the calculator's own page

Odds Ratio Calculator

Last reviewed 8 September 2026

Shows the absolute risk difference and the number needed to treat alongside, since a relative figure with no baseline describes a move from 40% to 80% and one from 0.001% to 0.002% equally well.

3updates in all, on the calculator's own page

Effect Size Calculator

Last reviewed 8 September 2026

Applies the exact Hedges correction rather than the square-root approximation, and states that Cohen's 0.2, 0.5 and 0.8 benchmarks were explicitly provisional rather than derived.

3updates in all, on the calculator's own page

Coefficient of Determination Calculator

Last reviewed 8 September 2026

Reports negative R-squared rather than clamping it to zero, since an out-of-sample value below zero is the clearest signal that a model has fitted noise.

4updates in all, on the calculator's own page

Probability Calculator

Last reviewed 8 September 2026

Refuses probabilities that describe no possible world — P(A) = 0.8 with P(B) = 0.7 and an overlap of 0.1 breaks the Frechet bounds, and most calculators return an answer anyway.

4updates in all, on the calculator's own page

Kurtosis Calculator

Last reviewed 8 September 2026

Warns when a single observation supplies more than 40% of the fourth moment, since the kurtosis is then a statement about that point rather than about the distribution.

4updates in all, on the calculator's own page

Skewness Calculator

Last reviewed 8 September 2026

Includes a six-value counterexample to the mean-median rule taught almost universally: 7, 3, 11, 11, 18, 9 has a moment skewness of +0.361 with a mean of 9.833 sitting below its median of 10.

3updates in all, on the calculator's own page

Covariance Calculator

Last reviewed 8 September 2026

Demonstrates that zero covariance is not independence: with x symmetric about zero and y equal to x squared, y is completely determined by x and the covariance is exactly zero.

3updates in all, on the calculator's own page

Outlier Calculator

Last reviewed 8 September 2026

Shows all eleven quartile conventions, because the IQR fence depends on which one you use. On the values 1 to 9 plus 15, exactly one of the eleven flags the 15 — type 7, the default in R, NumPy and Excel.

4updates in all, on the calculator's own page

Correlation Coefficient Calculator

Last reviewed 8 September 2026

Uses midranks for Spearman, so it stays correct under ties where the familiar six-sigma-d-squared shortcut is silently wrong — on one small example the shortcut returns 0.2321 against a correct 0.1989.

4updates in all, on the calculator's own page

Empirical Rule Calculator

Last reviewed 8 September 2026

Uses the survival function for the one-tail figure rather than one minus the CDF, so the number stays accurate past six sigma where the subtraction would lose every significant digit.

3updates in all, on the calculator's own page

Central Limit Theorem Calculator

Last reviewed 8 September 2026

At n = 2 the coverage still reads 95.11% while the lower tail is identically zero, because the interval reaches below a value the population can never produce. Judged on coverage this population passes at n = 2; judged on its tails it needs n = 135.

3updates in all, on the calculator's own page

Beta Distribution Calculator

Last reviewed 8 September 2026

Inverts the CDF by bisection rather than Newton's method, because the density is unbounded at an endpoint whenever a parameter falls below 1 and the derivative Newton divides by runs to infinity there.

3updates in all, on the calculator's own page

Negative Binomial Calculator

Last reviewed 8 September 2026

Prints the variance divided by the mean, which is 1/p identically — the reason overdispersed count data gets modelled with this distribution instead of a Poisson.

3updates in all, on the calculator's own page

Uniform Distribution Calculator

Last reviewed 8 September 2026

Explains why the continuous form makes the strict and non-strict inequalities identical, which is a real distinction in the discrete form and no distinction at all in the continuous one.

3updates in all, on the calculator's own page

Lognormal Distribution Calculator

Last reviewed 8 September 2026

Reports the share of the population below its own arithmetic mean — 65.54% at the default parameters — because that single figure is why median income and mean income tell different stories.

3updates in all, on the calculator's own page

Weibull Distribution Calculator

Last reviewed 8 September 2026

Corrects the common misreading of the scale parameter: lambda is the characteristic life, the 63.2nd percentile at every shape, and it equals the mean only when k is 1.

3updates in all, on the calculator's own page