This document is a fixed deposit calculator that allows a user to input a fixed deposit amount, tenor in years, months and days, interest rate, compounding frequency, and desired maturity amount to calculate the amount required to be deposited to reach the maturity amount. It shows an example calculation for a Rs. 10,000 fixed deposit over 1 year and 15 days at 11% interest compounded quarterly resulting in a maturity amount of Rs. 11,196.03, and calculates that an Rs. 89,317.37 deposit would be required to reach a Rs. 100,000 maturity amount.
This document is a fixed deposit calculator that allows a user to input a fixed deposit amount, tenor in years, months and days, interest rate, compounding frequency, and desired maturity amount to calculate the amount required to be deposited to reach the maturity amount. It shows an example calculation for a Rs. 10,000 fixed deposit over 1 year and 15 days at 11% interest compounded quarterly resulting in a maturity amount of Rs. 11,196.03, and calculates that an Rs. 89,317.37 deposit would be required to reach a Rs. 100,000 maturity amount.
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Attribution Non-Commercial (BY-NC)
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Download as XLS, PDF, TXT or read online from Scribd
This document is a fixed deposit calculator that allows a user to input a fixed deposit amount, tenor in years, months and days, interest rate, compounding frequency, and desired maturity amount to calculate the amount required to be deposited to reach the maturity amount. It shows an example calculation for a Rs. 10,000 fixed deposit over 1 year and 15 days at 11% interest compounded quarterly resulting in a maturity amount of Rs. 11,196.03, and calculates that an Rs. 89,317.37 deposit would be required to reach a Rs. 100,000 maturity amount.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd