General Calculator for self-help Planning
Interest Earned Amount
A fixed deposit (FD) is a financial instrument provided by banks and other companies which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
Deposit Amount - Amount to be deposited for fixed deposit.
Interest Rate - Interest rate is the amount paid by a borrower e.g. bank to a lender e.g. customer for the use of money. Interest rates are typically expressed as percent of principal amount on an annual basis, known as the annual percentage rate (APR).
Duration - Fixed period from the date of deposit to the date of maturity. Generally longer duration is cause to higher interest rates.
Maturity Amount - An amount that comprises all principal deposit amount and compunded interest. This amount will be given back to customer by borrower"
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