Saturday, January 30, 2010

Formula For Recurring Deposit Calculator Can Anyone Give Me The Formula Tobe Calculated On Calculator As To How Banks Calculate Recurring Deposit Value

Can anyone give me the formula tobe calculated on calculator as to how banks calculate recurring deposit value - formula for recurring deposit calculator

Nt I really do not understand the question, but the compound interest formula P = (1 + r / n) ^ where P = principal, r = interest rate in decimal form, n = number of times compounded per year t = Capital has years to grow .. to be realized.
if done consistently over a natural rt Pe = e ^ = base
or to find the value after each use of a composition P = (1 + r) ^ t
If you deposit $ 1,000 5% compound quarterly for 5 years ...
A = $ 1000 (1 + .05 / 4) ^ 4 * 5 formula for compound interest
$ A = 1000e ^ .05 * 5 continuous composite
A = $ compound 1000 (1 + .05) ^ 5 once a year

after the computer is the order that you enter determine.
first answer is $ 1282.037
The second answer is $ 1284.025
and $ 1276.281

Hope this helps

No comments:

Post a Comment