Fixed Deposit Calculation

#1
Hi,

I have planned to open a Fixed deposit in any Indian Bank...

When i was searching details about it found many reference sites and calculators...

One such is https://www.easycalculation.com/finance/fix...-calculator.php.

Consider for here, the maturity value is calculated using a formula

Maturity value = Principal Amount x (1 + r/n)^nt


r = Rate of Interest
t = Number of Period
n = Compounded Interest Frequency


Principal amount is the amount we invest, r is the interest rate, t is the number of period we invest the money..But what is the compounded interest frequency..What role it actually plays here
 

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