Compound Interest Calculation
This query is : Resolved
01 December 2008
Plz. anybody answer the following:-
What is the formula for Calculation of Compound Interest in Recurring Deposits?
What is the formula for Calculation of Compound Interest in Recurring Deposits?
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
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
27 June 2023
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