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Can anyone guide me how to check intt accrued on fdr's??
Replies (2)
intt. on FD is accrued and compounded quarterly. to calculate this, first you need to know the rate of interest that you are earning on your FDR, then calculate intt on your FD value for first 3 months, add it to your principal amount and then again calculate intt. for next 3 months on (FD + intt of first 3 months) and so on.
Nd hw should i book intt accrued??
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