Fixed Deposit Maturity Value

Q. Find the maturity value of Rs. 400000 fixed deposit for 17 years with a nominal interest rate of 8.75% compounded annually.

Open the Single Cash Flow. Select solve for Future value.

Present Value: 400000

Annual Interest Rate: 8.75
Compounding Interval: Yearly

Ans: 16,64,782.52

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Time to double your money - TVM Calculation Examples

Q. You have $10,000 to invest. Assuming annual compounding, how long will it take for the $10,000 to double if it is invested at an annual interest rate of 14 percent?

Open the Single Cash Flow screen. Select solve for Time period.

Future Value: 20000

Present Value: 10000

Annual Interest Rate: 14

Compounding Interval: Yearly

Ans: 5.29 years

Interest Rate Solver - TVM Calculation Examples

Q. The Tried and True Corporation had earnings of $0.20 per share in 1978. By 1995, a period of 17 years, its earnings had grown to $1.01 per share. What was the compound annual rate of growth in the company's earnings?

Open the Single Cash Flow screen. Select solve for Interest rate.

Future Value: 1.01

Present Value: 0.2

Time Period in Years: 17

Compounding Interval: Yearly

Ans: 9.99 ~ 10% compound growth

Interest earned on savings deposit: TVM Calculation examples

Q. What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually? quarterly?

Open the Single Cash Flow screen. Select solve for Future value.

Present Value: 2500

Annual Interest Rate: 4

Time Period in Years: 10

Compounding Interval: Yearly

Ans: $3,700.61

Compounding Interval: Quarterly

Ans: $3,722.16