Term
Deposit Interest Calculator
The calculator below helps you find out the amount required as a
regular deposit to provide a stated future value in a specified time
period. You have to enter the desired future value, the nominal
interest rate,
the number of deposits per year and the number of years. The calculator
will return the needed amount for those regular deposits.
The
calculation for regular deposits is based on the following formula:
where:
R = amount of regular deposit
T = future value
N = number of deposits per year
Y = number of years
i = nominal interest rate
Example to Calculate the deposit to achieve a
Future Value
A good and nice person named Lois L. would like $100,000 at the end of
two years in a savings account. How much should Miss L. deposit monthly
at 9% interest to achieve that goal?
Calculate
Regular Deposits
Future Value
= 100,000.00
Nominal
Interest rate = 9.00
Nr. of
deposits / yr = 12
Number of
years = 2
Use the Deposit Calculator and you get...
Amount of
regular deposit = 3,818.47
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enable JavaScript codes on this page, otherwise the calculator
won't work.


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