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    19 views1 page

    Bank Interest Calculations

    Uploaded by

    psn_kylm
    www

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    YEAR AMOUNT AMOUNT INTEREST RATE CUMULATIVE AMOUNT

    2,020 200,000 200,000.00 0.051 210,200.00


    2,021 200,000 410,200.00 0.051 431,120.20
    2,022 200,000 631,120.20 0.051 663,307.33
    2,023 200,000 863,307.33 0.051 907,336.00
    2,024 200,000 1,107,336.00 0.051 1,163,810.14
    2,025 200,000 1,363,810.14 0.051 1,433,364.46

    MATURITY AMOUNT AFTER 12 YEARS 1,871,973.98

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