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
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