FCNR Cash Certificates Issue Prices Formula
Equation for calculate fcnr cash certificates issue prices is,
A = P
Where,A = FCNR cash certificates issue price
P = Face Value
r = Rate of Interest (i) / 200
n = Number of half years
A = FCNR cash certificates issue price
P = Face Value
r = Rate of Interest (i) / 200
n = Number of half years