Special Recurring Deposits Calculator
Posted by Dinesh onThis calculator calculates the maturity value using quarterly installment, rate of interest, number of quarters values.
Special Recurring Deposits Calculation
Formula:
A = ( S * (1+r) * [(1+r)^n - 1 ] ) / r
Where,A = Maturity value
S = Quarterly installment
r = Rate of Interest (i) / 400
n = Number of Quarters