The fixed deposit calculator facilitates you to know the worth of your
deposited amount when it gets matured. Normally the interest on fixed deposits
is being paid on quarterly, half-yearly or yearly compounding. The genuine return of the deposited amount is
the effective yield, and it depends on the frequency of compounding and the
interest rate.
The condition of compounding arises
when interest on the fixed deposit is added to the sum actually deposited so
that from that instant on, the interest that has been included also earns interest.
This adding up of interest to the deposited amount is called compounding. This
interest can be calculated by making use of a fixed deposit calculator.
Summary: Most of the banks and other financial institutions feature
the fixed deposit calculator on
their respective websites to ease the calculation of the compounding interest
and the worth of the sum deposited in the fixed deposit category.
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