Q. Find the maturity value of Rs. 10000 deposited every month for 10 years with a nominal interest rate of 8.75% compounded quarterly.
Open the Future Value of Annuity screen. Select solve for Future value.
Payment Amount: 10000
Payment Frequency: Monthly
Number of payments: 120 (10 * 12)
Annual Interest Rate: 8.75
Compounding Interval: Quarterly
Payment mode: Beginning
Number of payments: 120 (10 * 12)
Annual Interest Rate: 8.75
Compounding Interval: Quarterly
Payment mode: Beginning
Ans: 19,15, 030.85
Likewise, you can use the calculator for to find the maturity value and interest earned for daily deposits/ quarterly deposits/ semi-annually and yearly deposits by changing the payment frequency.
If you don't want to install the app, you can use this online rd calculator.
Likewise, you can use the calculator for to find the maturity value and interest earned for daily deposits/ quarterly deposits/ semi-annually and yearly deposits by changing the payment frequency.
If you don't want to install the app, you can use this online rd calculator.
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