Reccuring Deposit RD
General Calculator for self-help Planning
Deposit Amount - Amount to be deposited on due date, this amount is remains same for all the deposits made during periodically.
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 maurity. Longer duration is cause to higher interest rates.
Frequency - Recurring deposits are made at a periodic interval, frequency defines when do you want to make make deposit e.g. every month , every quarter.
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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