Compound Interest Calculation
This query is : Resolved
01 December 2008
Plz. anybody answer the following:-
What is the formula for Calculation of Compound Interest in Recurring Deposits?
What is the formula for Calculation of Compound Interest in Recurring Deposits?
01 December 2008
Principal Amount 900 ( in Cell B16)
Period in Year/s 1 (in Cell B17)
Rate of Interest
(% p.a.) 12 (in Cell B18)
Componding Frequency 12 (in Cell B19)
(Monthly 12; Qrtly 4..)
Maturity Value (in Cell 20)type the following
= FV(B18%/B19,B17*B19,0,-B16)
and you will get
1,014.14
Period in Year/s 1 (in Cell B17)
Rate of Interest
(% p.a.) 12 (in Cell B18)
Componding Frequency 12 (in Cell B19)
(Monthly 12; Qrtly 4..)
Maturity Value (in Cell 20)type the following
= FV(B18%/B19,B17*B19,0,-B16)
and you will get
1,014.14
27 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
