Easy Office
LCI Learning

Compound Interest Calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 December 2008 Plz. anybody answer the following:-
What is the formula for Calculation of Compound Interest in Recurring Deposits?
Profile Image

CA Debasish Banerjee

Profile Image

CA Debasish Banerjee (Expert)
01 December 2008 Principal Amount 900 ( in Cell B16)
Period in Year/s 1 (in Cell B17)
Rate of Interest
(% p.a.) 12 (in Cell B18)
Componding Frequency 12 (in Cell B19)
(Monthly 12; Qrtly 4..)

Maturity Value (in Cell 20)type the following

= FV(B18%/B19,B17*B19,0,-B16)

and you will get

1,014.14
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
27 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links