Recurring deposit formula? - recurring deposit formula
Your capital is 300 per month.
Given the interest is compounded quarterly at 7.5% per year
Number of years: 5
Plz tell the recursive formulas of the deposit
Saturday, February 13, 2010
Recurring Deposit Formula Recurring Deposit Formula?
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1 comments:
This is called 'payback', for example, whose purpose will be to meet future needs.
FV the future value, the periodic interest rate I
The regular payment of A, n is the number of periods
The formula is: FV = A (((1 + i) ^ n) -1) / i)
So in your case, i = .075 / 4 (quarterly rate)
300 = A * 3 = $ 900 (amount invested) per quarter
5YR * n = 4 hours / year == 20 periods
Installing and using the computer to receive $ 21,597.51
! appears on the right side of a% $ 18,000 investment@7.5
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